U.S. Markets close in 2 hrs 16 mins
  • S&P 500

    3,651.33
    -41.90 (-1.13%)
     
  • Dow 30

    29,225.92
    -364.49 (-1.23%)
     
  • Nasdaq

    10,804.46
    -63.47 (-0.58%)
     
  • Russell 2000

    1,654.68
    -24.91 (-1.48%)
     
  • Crude Oil

    76.86
    -1.88 (-2.39%)
     
  • Gold

    1,632.40
    -23.20 (-1.40%)
     
  • Silver

    18.42
    -0.49 (-2.56%)
     
  • EUR/USD

    0.9607
    -0.0081 (-0.8358%)
     
  • 10-Yr Bond

    3.8780
    +0.1810 (+4.90%)
     
  • Vix

    32.31
    +2.39 (+7.99%)
     
  • GBP/USD

    1.0654
    -0.0203 (-1.8655%)
     
  • USD/JPY

    144.7200
    +1.4000 (+0.9768%)
     
  • BTC-USD

    19,087.47
    +154.79 (+0.82%)
     
  • CMC Crypto 200

    437.94
    +4.84 (+1.12%)
     
  • FTSE 100

    7,020.95
    +2.35 (+0.03%)
     
  • Nikkei 225

    26,431.55
    -722.28 (-2.66%)
     

CANADA FX DEBT-C$ notches up 6-day high as U.S. inflation pressures ease

·1 min read

* Canadian dollar strengthens 0.4% against the greenback * Touches its strongest since last Thursday at 1.2819 * Price of U.S. oil steadies at $90.54 a barrel * Canadian bond yields tumble across much of a steeper curve TORONTO, Aug 10 (Reuters) - The Canadian dollar jumped to its highest level in nearly one week against its broadly weaker U.S. counterpart on Wednesday as investors cheered data showing an easing of U.S. inflation pressures. U.S. stock index futures rallied and the U.S. dollar fell against a basket of major currencies after consumer prices rose at a slower than expected annual pace in July, leading to reduced bets on an aggressive interest rate hike by the Federal Reserve next month. Investors have worried that a rapid pace of central bank tightening could derail global economic activity. Canada is a major exporter of commodities, including oil, so the loonie tends to be sensitive to the outlook for growth. Oil recouped its earlier decline as the prospect of less aggressive Fed tightening offset expectations that Druzhba pipeline flows will resume shortly. U.S. crude prices were little changed at $90.54 a barrel, while the Canadian dollar was trading 0.4% higher at 1.2833 to the greenback, or 77.92 U.S. cents. It touched its strongest since last Thursday at 1.2819. Canadian government bond yields tumbled across much of a steeper curve as U.S. Treasury yields moved sharply lower. The 2-year was down 16.4 basis points at 3.108%. (Reporting by Fergal Smith;Editing by Elaine Hardcastle)