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CANADA FX DEBT-C$ eases on post-Fed greenback rally, volatile oil

Published 2015-09-22, 09:46 a/m
CANADA FX DEBT-C$ eases on post-Fed greenback rally, volatile oil
USD/CAD
-
LCO
-
CL
-
CA2YT=RR
-
CA10YT=RR
-

* Canadian dollar at C$1.3272 or 75.35 U.S. cents
* Bond prices mixed across the maturity curve

TORONTO, Sept 22 (Reuters) - The Canadian dollar softened
against its U.S. counterpart on Tuesday, as the greenback
strengthened on expectations the Federal Reserve is still on
track to hike interest rates before next year and crude prices
gave back some of Monday's rally.
Global oil demand worries, combined with excess supply,
continue to plague the commodity, with prices remaining
volatile.
The Fed held off hiking interest rates last week and scaled
back its forecasts for U.S. growth, but the U.S. dollar has
since rebounded as investors bet on a rise next month or in
December, particularly following comments from Atlanta Fed
President Dennis Lockhart.

* At 9:36 a.m. EDT (1336 GMT), the Canadian dollar CAD=D4
was trading at C$1.3272 to the greenback, or 75.35 U.S. cents,
weaker than the Bank of Canada's official close of C$1.3245, or
75.50 U.S. cents.
* The currency's strongest level of the session so far was
C$1.322, while its weakest level was C$1.329.
* Canadian retail sales data for July are due at 8:30 a.m.
EDT on Wednesday. ECONCA .
* U.S. crude CLc1 prices were down 2.68 percent to $45.43,
while Brent crude LCOc1 lost 2.00 percent to $47.94. O/R
* The loonie, which was outperforming most of its key
counterparts, is expected to trade between C$1.3250 and C$1.3320
against the U.S. dollar during the North American session on
Tuesday, according to National Bank Financial.
* Canadian government bond prices were mixed across the
maturity curve, with the two-year CA2YT=RR price up 3 Canadian
cents to yield 0.504 percent and the benchmark 10-year
CA10YT=RR rising 50 Canadian cents to yield 1.488 percent.
* The Canada-U.S. two-year bond spread narrowed to -18.2
basis points, while the 10-year spread narrowed to -67.1 basis
points.

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