(RTTNews) - The Canadian dollar drifted lower against its major rivals in early New York trading on Tuesday.
The loonie is presently trading at a 13-month low of 1.0590 against the US dollar with 1.0680 seen as the next likely downside target level.
Against the euro, the Canadian currency is trading at a day's low of 1.3983 and is likely to test support around the 1.4015 level.
The loonie reached a fresh 2-year low of 72.47 against the yen around 9:45 am ET. The next downside target for the pair is likely to be seen around the 71.20 level.
