RTTN: Canadian Dollar Spikes Up Further Against Major Rivals
(RTTNews) - The Canadian dollar extended its previous session uptrend against its major counterparts in early trading on Monday. The loonie is currently trading near a fresh multi-week high of 1.0347 against the U.S. dollar and a 13day high of 1.3319 versus the euro, which may be compared to last week's closing values of 1.0384 and 1.3390, respectively. On the upside, 1.3301 is seen as the next target level against the euro and 1.0313 versus the greenback for the Canadian unit.
The Canadian currency also traded higher against the Japanese yen in today's early trading. At present, the loonie is trading near 81.45 versus the yen from early low of 81.03.
The U.S. financial markets are closed today for the Labor Day holiday.
