Reuters: US Dollar Report: C$ pares gains after Bernanke speech

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

C$ pares gains after Bernanke speech Aug 31st 2012, 14:20 TORONTO | Fri Aug 31, 2012 10:20am EDT TORONTO Aug 31 (Reuters) - Canada's dollar pared gains against the U.S. currency on Friday morning after U.S. Federal Reserve Chairman Ben Bernanke did not clearly make the case for another round of stimulus in a key speech. At 10:09 a.m. (1409 GMT), the Canadian dollar stood at C$0.9891 versus the greenback, or $1.0110, down from around C$0.9877, or $1.0125, before Bernanke's speech. The Canadian dollar had strengthened earlier in the session in the wake of data showing the country's economy grew more than the market had expected in the second quarter and against a backdrop of positive news out of Europe.

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