August 26, 2019 / 2:35 PM / 21 days ago

CANADA FX DEBT-C$ little changed against greenback, holds in recent range

    * Improving risk appetite fails to support loonie
    * Canadian bond yields rise modestly

    By Karen Brettell
    NEW YORK, Aug 26 (Reuters) - The Canadian dollar was little
changed against the greenback on Monday despite improving risk
sentiment, and the loonie held the middle of its recent range as
investors continued to focus on the fallout of the U.S.-China
trade war.
    The United States and China sought to ease trade war
tensions on Monday, with Beijing calling for calm and U.S.
President Donald Trump predicting a deal after markets fell in
response to new tariffs from both countries.             
    That boosted risk sentiment and sent stock and oil prices
higher, but had little impact on the Canadian currency.
                         
    Canada exports many commodities, including oil, so its
economy could be hurt by a slowdown in the flow of global trade.
    “The CAD is little changed on the session today, despite
better risk sentiment,” analysts at Scotiabank said in a report
on Monday. “This is all a little disappointing for the CAD
considering that domestic data releases were roundly better than
expected last week.”
    Data last week showed Canada retail sales in June and
inflation in July both beat expectations.             
            
    The Canadian dollar          was last down 0.08% at 1.3294
to the greenback. It has held between 1.3248 and 1.3344 since
Aug. 15.
    Ten-year Canadian bond yields             rose to 1.19% from
1.17% late on Friday. 

 (Reporting by Karen Brettell; editing by Jonathan Oatis)
  
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