Canadian Dollar Advances Against Majors
February 03 2025 - 7:28PM
RTTF2
The Canadian dollar strengthened against other major currencies
in the Asian session on Tuesday.
The Canadian dollar rose to nearly a 3-week high of 0.8948
against the Australian dollar and a 4-day high of 107.70 against
the yen, from yesterday's closing quotes of 0.8967 and 107.67,
respectively.
Against the U.S. dollar and the euro, the loonie edged up to
1.4417 and 1.4894 from recent lows of 1.4503 and 1.4929,
respectively.
If the loonie extends its uptrend, it is likely to find
resistance around 0.88 against the aussie, 109.00 against the yen,
1.39 against the greenback and 1.47 against the euro.
US Dollar vs CAD (FX:USDCAD)
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