21.07.201623:48:00UTC+00Canadian Dollar Drops Against Most Majors

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

The Canadian dollar fell to nearly a 2-week low of 1.3112 against the U.S. dollar, from yesterday's closing value of 1.3087.

Against the euro and the yen, the loonie dropped to a 9-day low of 1.4452 and an 8-day low of 80.58 from yesterday's closing quotes of 1.4427 and 80.85, respectively.

If the loonie extends its downtrend, it is likely to find support around 1.32 against the greenback, 1.46 against the euro and 77.00 against the yen.