Canadian dollar slips toward key lows against major currencies

During Wednesday’s Asian session, the Canadian dollar weakened against most major currencies. The loonie fell to a two-day low of 1.4274 against the U.S. dollar, slightly down from yesterday’s closing rate of 1.4257.

Meanwhile, it slid near one-month lows against the yen and the euro, trading at 101.63 and 1.5744 respectively, compared to Tuesday’s 102.31 for the yen and 1.5650 for the euro. If this downward trend continues, the loonie could settle around 1.45 against the greenback, 100.00 against the yen, and 1.59 against the euro.