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The Canadian dollar drifted higher against its U.S. and European counterparts in early European trading on Monday.
The loonie firmed to a 5-day high 1.5085 against the euro, off its early low of 1.5151.
Reversing from an early low of 1.3541 against the greenback, the loonie edged up to 1.3507.
The loonie is likely to challenge resistance around 1.49 against the euro and 1.34 against the greenback.
