CANADA FX DEBT-C$ flat as traders eye Jackson Hole speeches

Published 2017-08-25, 09:35 a/m
© Reuters.  CANADA FX DEBT-C$ flat as traders eye Jackson Hole speeches
USD/CAD
-
CL
-
CA2YT=RR
-
CA10YT=RR
-

* Canadian dollar at C$1.2520, or 79.87 U.S. cents

* Bond prices higher across the maturity curve

TORONTO, Aug 25 (Reuters) - The Canadian dollar was steady against the U.S. dollar on Friday, as investors looked ahead to key central bank speeches amid the lack of domestic events to steer further direction in thin trading.

Traders will parse for clues from speeches by U.S. Federal Reserve chief Janet Yellen and European Central Bank head Mario Draghi later on Friday at the annual central bankers meeting in Jackson Hole, Wyoming. The two officials are expected to stay the course on monetary policy. 9:20 a.m. EDT (1320 GMT), the Canadian dollar CAD=D4 traded at C$1.2520 to the greenback, or 79.87 U.S. cents, unchanged from the previous session's close and mostly underperforming against other major counterparts.

The currency traded within a tight range between C$1.2503 and C$1.2539.

Prices of oil, a major Canadian export, rose modestly on Friday, as the U.S. petroleum industry braced for Hurricane Harvey, flagged to potentially become the biggest storm to hit the U.S. mainland in more than a decade. U.S. crude CLc1 prices were up 0.23 percent to $47.54 a barrel. O/R

Canadian government bond prices were higher across the maturity curve, with the two-year CA2YT=RR price up 0.5 Canadian cent to yield 1.264 percent and the benchmark 10-year CA10YT=RR rising 2 Canadian cents to yield 1.886 percent.

The Canada-U.S. two-year bond spread was -7.8 basis points, while the 10-year spread was -30.6 basis points.

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.