Reuters: US Dollar Report: CANADA FX DEBT-C$ "pigeon-holed" against US$ in quiet trade

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

CANADA FX DEBT-C$ "pigeon-holed" against US$ in quiet trade Aug 24th 2012, 12:30 Tweet Share this Email Print Related Topics Currencies » Bonds News » Bonds » Markets » Fri Aug 24, 2012 8:30am EDT * C$ flat at C$0.9936 vs US$, or $1.0064 * Bond prices climb across curve By Claire Sibonney TORONTO, Aug 24 (Reuters) - The Canadian dollar was flat against its U.S. counterpart on Friday, pausing after a selloff in the last few sessions in quiet trade as investors took a wait-and-see approach until they learn how much action central banks will take to boost the lagging global economy. U.S. Federal Reserve Chairman Ben Bernanke and other central bank leaders meet in Jackson Hole, Wyoming, next week for an annual get-together that often hints at what monetary policy is to come. Comments from German leader Angela Merkel on Friday that she wants Greece to stay in the euro zone, and that Greece is doing all it can to solve its debt problems, did little to impact the currency. "Dollar/Canada remains kind of pigeon-holed here," said Matt Perrier, a director of foreign exchange sales at BMO Capital Markets. "(It) seems to get sidelined between broader (U.S.) dollar moves and cross-related moves." While the Canadian dollar was lost for direction against the greenback, it was getting a lift against the euro after losing ground over the last 72 hours. At 8:11 a.m. (1211 GMT), the Canadian dollar stood at C$0.9936 versus the U.S. dollar, or $1.0064, perfectly unchanged from Thursday's North American session close. Perrier noted that C$0.9950-60 was an important level to watch for Canadian dollar support, while breaking through resistance in the C$0.9880 could put the year's highs back in focus. Canadian bond prices advanced across the curve, with the two-year bond up 2 Canadian cents to yield 1.118 percent and the benchmark 10-year bond up 16 Canadian cents to yield 1.807 percent. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions