Canadian Dollar Climbs To Multi-week Highs Against Yen And Euro [CAD/JPY]
4/27/2008 10:37:15 PM The Canadian dollar spiked higher against its major counterparts during early Asian deals on Monday.

At about 8:10 pm ET, the loonie reached 7-week and 3-week highs of 103.97 and 1.5726 against the yen and the euro, compared to last week`s close of 102.95 and 1.5846, respectively.

Overall retail sales in Japan rose 1.1% in March from a year ago, the Ministry of Economy, Trade and Industry reported today. The increase marked the eighth straight month of rises.

Against the greenback, the loonie climbed to a 5-day high of 1.0069 by about 8:10 pm ET. The greenback-loonie pair was worth 1.0153 at Friday`s close.

The loonie that closed last week`s trading at 0.9472 against the aussie strengthened to a 7-day high of 0.9418 at 8:45 pm ET Sunday.

The German CPI, GfK consumer confidence report and the Italian business confidence are the economic events expected in the European session today. Copyright © 2007 RTTNews.com. All Rights Reserved.

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