Canadian Dollar Slides Against Most Majors
28 November 2017 - 3:53PM
RTTF2
The Canadian dollar dropped against most major counterparts in
early European deals on Tuesday.
The loonie retreated to 86.95 versus the Japanese yen, a pip
short to pierce its early 3-month low of 86.94.
The loonie weakened to a 1-week low of 1.2794 against the
greenback and a 5-1/2-month low of 1.5230 against the euro, off its
early highs of 1.2754 and 1.5176, respectively.
If the loonie falls further, it may target support around 85.00
against the yen, 1.29 against the greenback and 1.54 against the
euro.
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