After disappointing data at the end of last week, the loonie headed lower, but today the Canadian currency is making something of a turnaround.
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US dollar is retaining its upper hand against counterparts today as the good news about initial jobless claims offers speculation that an improving jobs situation could lead to an interest rate hike.
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Better housing stats are helping the Canadian dollar against its European counterparts. However, the US dollar is still on something of a tear, and the loonie remains down against its neighbor to the south.
With policy divergence from the United States and other major economies, and concerns about the future, it is little surprise that the euro is struggling today.