The Canadian dollar rose to a 3-day high against the yen and a 2-day high against the euro during Thursday's early trading.

During early trading on Thursday, the Canadian dollar edged up to a 3-day high against the Japanese yen. At about 3:35 am ET, the loonie hit as high as 79.21 against the yen, which may be compared to Wednesday's North American session closing value of 78.23. If the loonie ticks up further, 80.00 is seen as the next likely resistance level.

Against the European currency, the loonie climbed to a 2-day high of 1.6623 by about 3:45 am ET, with next upside target level seen at 1.64. The euro-loonie pair closed Wednesday's deals at 1.6696.

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