The Canadian dollar erased its early gains against the Japanese yen and the euro in European trading on Thursday.
The loonie was trading at 85.40 against the yen and 1.4585 against the euro, off its early 5-week high of 85.78 and a 3-month high of 1.4522, respectively. The next possible support for the loonie is seen around 84.00 against the yen and 1.48 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com