August 19, 2019 / 1:47 PM / 4 months ago

CANADA FX DEBT-Loonie steadies as global risk sentiment improves

    * Canadian dollar trades nearly unchanged against the
greenback
    * U.S. crude oil prices increase by more than 1%
    * Canadian bond yields rise broadly 

    By Levent Uslu
    TORONTO, Aug 19 (Reuters) - The Canadian dollar steadied
against its U.S. counterpart on Monday, after a week of losing
some ground, as risk appetite gradually returned to global
markets.
    U.S. stocks opened higher on Monday as signs of an interest
rate reform in China bolstered hopes that major economies would
act to stave off the slowing economic effects of escalating
global trade tensions.             
    Canada exports many commodities, including oil, so its
currency tends to benefit from the bullish signal that rising
stocks sends about the outlook for the global economy.
    At 9:25 a.m. (1325 GMT), the Canadian dollar          was
trading nearly unchanged at C$1.3260 to the greenback, or 75.41
U.S. cents. The currency, which last Thursday touched its
weakest intraday level since Aug. 7 at C$1.3339, was trading in
a range of C$1.3251 to C$1.3277.
    Meanwhile, the price of oil rose following a weekend attack
on a Saudi oil facility by Yemeni separatists and as traders
looked for signs of progress in U.S.-China trade negotiations.
            
    U.S. crude oil futures        were up 1.9% at $55.91 a
barrel.             
    Canadian government bond prices were lower across the yield
curve in sympathy with U.S. Treasuries. The two-year           
climbed 1.8 basis points to yield 1.354% and the benchmark
10-year             rose 2.6 basis points to yield 1.188%.
    On Thursday, the 10-year yield touched its lowest level
since October 2016 at 1.083%.

 (Reporting by Levent Uslu
Editing by Nick Zieminski
)
  
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