CANADA FX DEBT-Canadian holds near 3-month high as bond yields rise - NewsBreak

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By Flemming in Business
Updated 3 years ago

* Loonie trades in a range of 1.2348 to 1.2409 * Price of U.S. oil settles 0.2% higher * Canadian housing starts fall 4.4% in September * Canadian 2-year yield climbs to its highest since March 2020 By Fergal Smith TORONTO, Oct 18 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Monday but held near its highest level in more than three months as U.S. and domestic bond yields climbed, while a Bank of Canada survey showed that companies are anticipating stronger demand. The loonie was trading 0.1% lower at 1.2377 to the greenback, or 80.80 U.S. cents, after trading in a range of 1.2348 to 1.2409. On Friday, the currency touched its strongest level since July 6 at 1.2334. "It has been a bit of a rocky day across markets and the loonie has been pulled around a few different directions," said Erik Nelson, a currency strategist at Wells Fargo in New York. "For all the big moves in the rates market, the FX market has been much quieter." The Canadian 2-year yield cli

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