Reuters: US Dollar Report: CANADA FX DEBT-C$ near 2-1/2 month low, volumes light on storm

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$ near 2-1/2 month low, volumes light on storm Oct 30th 2012, 13:32 Tweet Share this Email Print Related Topics Currencies » Bonds News » Bonds » Markets » Tue Oct 30, 2012 9:32am EDT * C$ at C$1.0002 to US$, or $0.9998 * Touches weakest level since Aug. 6 * Approach of month-end could further weaken C$ By Alastair Sharp TORONTO, Oct 30 (Reuters) - The Canadian dollar hovered near parity with the U.S. currency on Tuesday after a massive storm slammed into the U.S. East Coast, shuttering equity and other trading systems for a second day. Trade was muted by a lack of volume, though some traders said they expected corporate and sovereign buying of the greenback ahead of the month-end and as investors unwound long Canada dollar or short euro-Canada positions. "The market is acting like it's a holiday, very low volatility, narrow ranges," said Steve Butler, director of foreign exchange trading at Scotiabank. "Today might be a little busier because we're approaching month-end." At 8:58 a.m. (1258 GMT) the Canadian dollar was trading at C$1.0002 to the greenback, or $0.9998, compared with C$1.0008, or $0.9992, at Monday's North American close. The currency at one pointed hit C$1.0020 to the greenback, its weakest level since Aug. 6. Canadian bond markets remained open though volumes were also hit by the closure of the U.S. market. The two-year bond was off a Canadian cent to yield 1.089 percent, while the benchmark 10-year bond rose 1 Canadian cent to yield 1.796 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