In early Asian session on Wednesday, the Canadian dollar edged up against the currencies of U.S., Europe and Japan. The loonie climbed to a 2-month high against the euro.
The Canadian dollar jumped to a 2-month high of 1.3641 against the euro in early Wednesday Asian deals at 9:00 pm ET. If the Canadian dollar advances further, it may likely target the 1.320 level. The euro-loonie pair is now worth 1.3654, compared to yesterday’s closing value of 1.3696.
During early Asian deals on Wednesday, the Canadian dollar strengthened against the US dollar. At present, the loonie is worth 1.0180 against the greenback with 1.012 seen as the next upside target level. The greenback-loonie pair was worth 1.0247 at yesterday’s close.
The Canadian dollar gained against the Japanese yen in early Asian session on Wednesday. As of now, the loonie-yen pair is worth 81.80 and the next upside target level for the loonie is seen at 82.2. The pair closed yesterday’s trading at 81.19.
Looking ahead, German IFO business climate index for November, Italian retail sales for September, U.K.’s preliminary third quarter GDP and the Eurozone industrial new orders for September are slated for release in the European session.
Across the Atlantic, the U.S. durable goods orders, personal income and spending, new home sales – all for the month of October, weekly jobless claims for the week ended November 20, Reuters/University of Michigan’s final report on the consumer sentiment index for November and the Federal House Finance Agency’s house price index for the third quarter are expected in the New York morning.