RTTN:Greenback Slips To 1-month Low Against Canadian Dollar
The US dollar extended its recent downtrend against the Canadian dollar during early European session on Thursday, falling to 0.9907 around 5:00 am ET, its weakest level since November 7.
The greenback-loonie pair is trading well-below its 38.2 percent retracement level of 0.9945 between a high in June and a low in September. The next downside target for the pair could be its 23.6 percent retracement at 0.9830.
