Reuters: US Dollar Report: CANADA FX DEBT-C$ declines ahead of U.S. jobs data

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$ declines ahead of U.S. jobs data Feb 1st 2013, 13:15 Tweet Share this Email Print Related Topics Currencies » Bonds News » Bonds » Markets » Fri Feb 1, 2013 8:15am EST * C$ at C$0.9993 to US$, or $1.0007 * U.S. jobs data due at 8:30 a.m. (1330 GMT * C$ at fresh 13-month low vs euro By Alastair Sharp TORONTO, Feb 1 (Reuters) - The Canadian dollar weakened on Friday, ahead of a U.S. jobs report which will be closely scrutinized for clues on the economic health of Canada's main trading partner and for what it means for U.S. monetary policy. The U.S. non-farm payrolls report is expected to show modest growth in January, supporting a view that the U.S. economy continues to recover despite a surprise contraction in economic growth in the final three months of 2012. The employment report is central as the U.S. Federal Reserve has tied its monetary stance to improvement in the labor market. Shaun Osborne, chief currency strategist at TD Securities, said he was braced for less-than-dazzling news. "The trend for U.S. data releases recently has been towards disappointment relative to expectations and we are a little bit below consensus so we're expecting perhaps a softer number would be a modest negative for the Canadian dollar," he said. At 7:52 a.m. (1252 GMT) the Canadian dollar was trading at C$0.9993 to the greenback, or $1.0007, compared with C$0.9973, or $1.0027, at Thursday's North American close. The currency hit a fresh 13-month low of C$1.3669 against the euro, as the single currency recorded broad gains on a positive outlook for the euro zone. While the Canadian data calendar is sparse, other U.S. data on tap includes manufacturing and construction spending, and vehicle sales. The price of a two-year Canadian government bond was unchanged to yield 1.163 percent, while the benchmark 10-year bond fell 19 Canadian cents to yield 2.010 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