Canadian Dollar Weakens Further Against Majors

The Canadian dollar slipped further against the other major currencies in European deals on Tuesday.

The loonie hit a weekly low of 1.3940 against the greenback, 8-day low of 86.38 against the yen and more than a 15-month low of 1.0136 against the aussie, reversing from early highs of 1.3865, 86.83 and 1.0066, respectively.

The loonie, having advanced to 1.5198 against the euro at 2:15 am ET, slid to a weekly low of 1.5295.

Further weakness may take the loonie to support levels of around 1.41 against the greenback, 84.00 against the yen, 1.03 against the aussie and 1.54 against the euro.

The material has been provided by InstaForex Company – www.instaforex.com

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