The Canadian dollar strengthened against most major currencies in the Asian session on Thursday.
The Canadian dollar rose to nearly a 2-year high of 91.01 against the yen and nearly a 5-month high of 1.4442 against the euro, from yesterday’s closing quotes of 90.76 and 1.4466, respectively.
Against the U.S. dollar, the aussie edged up to 1.2160 from yesterday’s closing value of 1.2172.
If the loonie extends its uptrend, it is likely to find resistance around 92.00 against the yen, 1.43 against the euro and 1.20 against the greenback.
The material has been provided by InstaForex Company – www.instaforex.com