Canadian Dollar Drops Against Most Majors
09 August 2017 - 11:44AM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Wednesday.
The Canadian dollar fell to more than a 5-week low of 86.44
against the yen, from yesterday's closing value of 87.10.
Against the euro and the U.S. dollar, the loonie dropped to
1.2698 and 1.4909 from yesterday's closing quotes of 1.2664 and
1.4875, respectively.
If the loonie extends its downtrend, it is likely to find
support around 85.00 against the yen, 1.29 against the greenback
and 1.50 against the euro.
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