CANADA FX DEBT-C$ trades sideways before central bankers' gathering

Published 2016-08-25, 09:38 a/m
© Reuters.  CANADA FX DEBT-C$ trades sideways before central bankers' gathering
USD/CAD
-
CL
-
CA2YT=RR
-
CA10YT=RR
-

* Canadian dollar at C$1.2927, or 77.36 U.S. cents

* Bond prices lower across the maturity curve

TORONTO, Aug 25 (Reuters) - The Canadian dollar was little changed against the greenback on Thursday despite solid U.S. data and lower oil prices, trading in a narrow range before the start of a global central bankers' gathering in Jackson Hole.

Data showed U.S. core capital goods orders rose the most in six months, offering a tentative sign that a downturn in U.S. business spending is starting to ease, which may be good news for Canada's exporters. U.S. business investment has hampered a long-awaited pick-up in growth of Canada's non-energy exports, economists say, while a weaker Canadian dollar has not helped exports as much as expected. prices slipped as the market focused on oversupply and fading expectation of a production freeze. U.S. crude CLc1 prices were down 0.26 percent to $46.65 a barrel.

Investors are awaiting clues from Jackson Hole on the U.S. interest rate outlook, with the focus on Friday's keynote speech by Federal Reserve Chair Janet Yellen.

At 9:23 a.m. EDT (1323 GMT), the Canadian dollar CAD=D4 was trading at C$1.2927 to the greenback, or 77.36 U.S. cents, slightly stronger than Wednesday's close of C$1.2930, or 77.34 U.S. cents.

The currency's strongest level of the session was C$1.2899, while its weakest level was C$1.2940.

Canadian government bond prices were lower in sympathy with Treasuries after the solid U.S. data.

The two-year CA2YT=RR bond fell 2.5 Canadian cents to yield 0.586 percent and the benchmark 10-year CA10YT=RR declined 18 Canadian cents to yield 1.056 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.