The Canadian dollar weakened against most major currencies in the early European session on Thursday.

The Canadian dollar fell to nearly a 2-week low of 1.3978 against the euro and nearly a 3-month low of 1.2617 against the U.S. dollar, from early highs of 1.3892 and 1.2579, respectively.

Against the yen, the loonie dropped to 97.89 from an early high of 98.07.

If the loonie extends its downtrend, it is likely to find support around 1.42 against the euro, 1.28 against the greenback and 96.00 against the yen.

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