By Commodity News Service Canada
WINNIPEG, August 17 – The Canadian dollar ended relatively steady against the US dollar on Monday, seeing a consolidation following recent declines, analysts said.
The Canadian dollar closed at US$0.7642 or US$1=C$1.3085 on Monday, which compares with Friday’s North American settlement of US$0.7638 or US$1=C$1.3092.
The Canadian currency’s movement was also limited on Monday, as traders await fresh marketing moving data for the loonie, brokers said.
Some support did come from weaker than anticipated US manufacturing data, as well as a positive Canadian international securities figures.
On the other side, weakness in commodities, including crude oil, was bearish, as were ongoing worries about economic problems in China.
Canadian bonds were slightly higher on Monday, finding support from recent positive economic data out of the US, brokers said.
The two-year bond yielded 0.408% on Monday, from 0.410% on Friday. The ten-year bond yield was at 1.374%, from 1.391%. Bond yields fall as their prices rise.
