logo
  

Canadian Dollar Slides Versus Most Majors

The Canadian dollar declined against its most major counterparts in early European deals on Thursday.

The loonie fell to an 8-day low of 1.3287 against the greenback, compared to Wednesday's closing value of 1.3269.

The loonie that closed Wednesday's trading at 1.4104 against the euro and 0.9958 against the aussie fell to near a 3-week low of 1.4155 and near a 2-month low of 1.0016, respectively.

The next possible support for the loonie may be found around 1.335 against the greenback, 1.43 against the euro and 1.01 against the aussie.

For comments and feedback contact: editorial@rttnews.com

Business News

First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

View More Videos
Follow RTT