(RTTNews.com) - The euro extended previous session's downtrend against its Canadian counterpart on Wednesday morning in New York. Around 10:15 am ET, the euro reached below the key 1.29 level against the loonie for the first time since January 17. The euro-loonie pair is now targeting the important support at 1.2880 and a move below that could set its weakest level in more than 14-months.

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