Friday June 26, 01:07 PM
CANADA FX DEBT-C$ climbs as investors bid riskier assets
TORONTO, June 26 (Reuters) - The Canadian dollar rose against the U.S. currency on Friday morning, boosted by firm commodity prices and as the greenback weakened on a revival in investors' thirst for assets perceived to be riskier.
At 7:34 a.m. (1134 GMT), the Canadian currency was at C$1.1487 to the U.S. dollar, or 87.05 U.S. cents, from Thursday's finish at C$1.1562 to the U.S. dollar, or 86.49 U.S. cents.
The Canadian dollar retreated 'rather sharply' over the past few days so it seemed like it was due for a pause, said David Watt, senior currency strategist at RBC Capital Markets.
'Oil prices rallied over night, equity markets rallied overnight -- so positive sentiment on markets overall. That tends to be a positive Canadian dollar environment,' said Watt.
Oil, a key Canadian export, rose above $71 a barrel on Friday, in part, after reports of a Nigerian attack in a Royal Dutch Shell (Amsterdam: RDSA.AS - news) oilfield.
A weaker greenback and global equity markets also underpinned strength in the Canadian currency.
However, U.S. stock index futures pointed to a weak open on profit taking.
The firmness comes after the Canadian dollar fell against the U.S. dollar on Thursday, at one point touching its lowest level since mid-May.
Canadian bond prices were mostly lower across the curve, mimicking its U.S. counterparts with treasury prices down as investors booked profits and eyed inflation and consumer data later in the session.
(Reporting by Jennifer Kwan; Editing by Theodore d'Afflisio) For Reuters bond and money market pricing information double click on one of the following: Canadian dollar live quote, high/low Headlines from global forex markets Canadian bond prices Canadian money market prices Canada-U.S. spreads (live) World yield index 30 year benchmark - Montreal Exchange bond futures pricing information Bank of Canada monetary conditions index (Reuters calculation) Canada's call loan or overnight lending rate For the fixed-income market speed guides, double click on one of the following: For related news, double click on one of the following: Canadian news North American Treasuries news Money news Debt news Markets news Government debt news Money market news Interest rate news Central bank (CBSU.PK - news) news Canadian bond market stories Keywords: MARKETS CANADA/DOLLAR BONDS
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