The Canadian dollar depreciated against its most major counterparts in the European session on Monday, as weak economic data from China sent oil prices lower.

Crude for October delivery dropped $4.40 to 93.75 per barrel.

The loonie fell to nearly a 2-week low of 102.59 against the yen and a 4-day low of 1.3210 against the euro, off an early high of 104.56 and a 6-day high of 1.3093, respectively.

Against the greenback, the loonie was down at a 1-week low of 1.2934.

The next possible support for the Canadian currency is seen around 98.00 against the yen, 1.34 against the euro and 1.32 against the greenback.

Grafico Cross US Dollar vs CAD (FX:USDCAD)

Da Ago 2022 a Set 2022 Clicca qui per i Grafici di US Dollar vs CAD
Grafico Cross US Dollar vs CAD (FX:USDCAD)

Da Set 2021 a Set 2022 Clicca qui per i Grafici di US Dollar vs CAD