Canadian Dollar Drops Against Most Majors
31 May 2023 - 10:25AM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Wednesday.
The Canadian dollar fell to 5-day lows of 1.3641 against the
U.S. dollar and 102.47 against the yen, from yesterday's closing
quotes of 1.3601 and 102.76, respectively.
Against the euro, the loonie edged down to 1.4612 from
yesterday's closing value of 1.4599.
If the loonie extends its downtrend, it is likely to find
support around 1.38 against the greenback, 100.00 against the yen
and 1.48 against the euro.
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