The European Central Bank signaled on Thursday it was likely done with its interest rate hiking cycle, pressuring the euro. Much of the currency’s weekly gain was down to selling of EUR-CAD, said Amo Sahota, director at Klarity FX in San Francisco. For the week, it was up 0.9%, its biggest weekly advance since June. cents, after trading in a range of 1.3495 to 1.3549.
The loonie was trading 0.1% lower at 1.3515 to the greenback, or 73.99 U.S.
The Canadian dollar (CAD) weakened against its US counterpart on Friday, but the currency held on too much of its weekly gain as oil prices rose and investors turned attention to domestic inflation data.
