With investors backing away from the euro, the Canadian dollar is one of the currencies seeing the most gain and has advanced to a two- month high versus the euro. The loonie rose 0.7 percent to C$1.3431 per euro at 8:14 a.m. in New York, from C$1.3523 on Nov. 26 and traded at C$1.0205 per U.S. dollar after advancing earlier today to C$1.0148.
Ã¢â‚¬Å“Europe is a very key focus in the market right now,Ã¢â‚¬Â said Blake Jespersen, director of foreign exchange at Bank of Montreal in Toronto. Ã¢â‚¬Å“The Canadian dollar has done very well in the last few weeks against the euro.Ã¢â‚¬Â
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