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Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Friday.

The Canadian dollar rose to a 1-week high of 86.68 against the yen, from yesterday's closing value of 86.12.

Against the euro and the U.S. dollar, the loonie advanced to 1.3987 and 1.3121 from yesterday's closing quotes of 1.4008 and 1.3139, respectively.

If the loonie extends its uptrend, it is likely to find resistance around 88.00 against the yen, 1.38 against the euro and 1.29 against the greenback.

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Business News

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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