The Canadian dollar continued its early decline against most major currencies in European morning deals on Tuesday.
The loonie fell to near a 7-week low of 1.4711 against the euro, 11-1/2-year low of 1.3537 against the greenback and a 1-1/2-month low of 90.90 against the yen, compared to Monday’s closing values of 1.4627, 1.3498 and 91.38, respectively. The loonie may find support around 88.00 against the yen, 1.37 against the greenback and 1.48 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com