Investing.com - The Canadian dollar rose sharply against its U.S. counterpart on Tuesday, hitting a 3-week high as investors' appetite for risk sharpened.
USD/CAD shed 0.72% to hit 1.0417 during European afternoon trade, its lowest rate since Jan. 20. The pair was likely to find support at 1.0224, the low of Jan. 14, and resistance at 1.0532, Monday's high.
The Canadian dollar also hit a 3-week high against the yen, with CAD/JPY rising 1.07% to hit 86.68.
Earlier Tuesday, European Union finance ministers in Brussels continued to press Greece to reduce its budget deficit, boosting investors' appetite for risk, halting flows into the safe-haven greenback.