* C$ falls to 98.96 U.S. cents
* Bonds rise steadily as risk appetite hit by Ireland
TORONTO, Nov 12 (Reuters) - Canada's currency fell against the U.S. currency on Friday as risk appetite was bruised by concerns about fiscal troubles in Ireland, while the Group of 20 leaders gathering in Seoul offered little assurances that the world was any safer from economic catastrophe.
In a communique signed off at the end of the G20 meeting, there was a little something for everyone in a watered-down commitment to watch out for dangerous imbalances but left the details to be discusses in the first half of next year. [ID:nN11196971] [ID:nN09105095]
Meanwhile, choppy trading was intensified by market talk a rescue package for Ireland was being negotiated, although this was denied by an Irish finance ministry spokesman. [ID:nWLA7895]
Talk of another Chinese rate increase hit commodity prices and equity markets as well, fuelling the Canadian dollar's decline in early trade.
At 8:05 a.m. (1305 GMT), the Canadian dollarwas at C$1.0105 to the U.S. dollar, or 98.96 U.S. cents, down from C$1.0032 to the U.S. dollar, or 99.68 U.S. cents, at Thursday's close.
"We're now looking for more resolution of a lot of different themes out there," said David Tulk, senior macro strategist at TD Securities.
"We're now back to looking at what's negative. I think that speaks to an underlying lack of confidence in the state of the global economy. So instead of focusing on the positive, we're going from one negative to the next negative."
There was no Canadian data on tap, leaving Canadian markets to ride the ebb and flow of outside influences. Earlier the Canadian dollar hit its lowest in more than a week at C$1.0146 to the U.S. dollar, or 98.56 U.S. cents, before paring losses.
Canadian government bond prices were higher on Friday, as investors found favor in the relative safety of this asset class against declining equity markets.
The two-year bondrose 9 Canadian cents to yield 1.535 percent, while the 10-year bond gained 12 Canadian cents to yield 2.964 percent. (Reporting by Ka Yan Ng; Editing by Theodore d'Afflisio)
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