CANADA FX DEBT-C$ strengthens as weak U.S. jobs data pressures greenback

Mon Apr 6, 2015 9:34am EDT
 
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* Canadian dollar at C$1.2441 or 80.38 U.S. cents
    * Bond prices mixed across the maturity curve

    TORONTO, April 6 (Reuters) - The Canadian dollar
strengthened on Monday against a broadly weaker U.S. dollar, as
the greenback was hit by data Friday that showed U.S. jobs
growth was much weaker than expected in March, suggesting the
Federal Reserve will likely hold off hiking interest rates until
later in the year.
        
    * At 9:10 a.m. EDT (1310 GMT), the Canadian dollar 
was trading at C$1.2446 to the greenback, or 80.35 U.S. cents,
stronger than Thursday's Bank of Canada's official close of
C$1.2564, or 79.59 U.S. cents.
    * Trading was extremely thin on Good Friday, with many
markets in Canada, U.S. and Europe closed for the extended
Easter weekend. The Canadian dollar finished at C$1.2496, or
80.03 U.S. cents on Friday, according to Thomson Reuters Eikon
data.
    * The currency's strongest level of the session was
C$1.2438. Its weakest was C$1.2496.
    * U.S. employers added the fewest jobs in more than a year,
with nonfarm payrolls rising 126,000 in March, less than half of
February's pace and the smallest gain since December 2013.
 
    * Ivey PMI data for March is due at 10:00 a.m. EDT 
    * The Canadian dollar, which was outperforming most of its
key currency counterparts, is expected to trade between C$1.2430
and C$1.2500 against the U.S. dollar on Monday, according to RBC
Capital Markets.
    * Canadian government bond prices were mixed across the
maturity curve, with the longer term securities higher. The
two-year price was up 4 Canadian cents to yield 0.471
percent and the benchmark 10-year rose 32 Canadian
cents to yield 1.282 percent.
    * The Canada-US 2-year bond spread is -2.1, while the
10-year spread is -57.5.
    

 (Reporting by Solarina Ho; Editing by Bernadette Baum)