Canadian Dollar Drops Against Most Majors
February 05 2025 - 8:13PM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Thursday.
The Canadian dollar fell to a 3-day low of 106.06 against the
yen and a 2-day low of 1.4352 against the U.S. dollar, from
yesterday's closing quotes of 106.65 and 1.4316, respectively.
Against the euro, the loonie edged down to 1.4905 from
Wednesday's closing value of 1.4884.
If the loonie extends its downtrend, it is likely to find
support around 103.00 against the yen, 1.48 against the greenback
and 1.52 against the euro.
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