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CANADA FX DEBT-Canadian buck hits 6-day low as month-cease shopping for lifts buck

(Provides strategist quotes and details in the center of, updates prices) Canadian buck weakens 0.5% towards the buck Imprint of U.S. oil settles 0.6% lower Producer prices in Canada descend 0.3% in August Canadian 10-365 days yield rises 2.3 foundation positive aspects By Fergal Smith TORONTO, Sept 29 (Reuters) – The Canadian buck weakened on…

CANADA FX DEBT-Canadian buck hits 6-day low as month-cease shopping for lifts buck
 (Provides strategist quotes and details in the center of, updates prices)
    Canadian buck weakens 0.5% towards the buck
    Imprint of U.S. oil settles 0.6% lower
    Producer prices in Canada descend 0.3% in August
    Canadian 10-365 days yield rises 2.3 foundation positive aspects

    By Fergal Smith
    TORONTO, Sept 29 (Reuters) - The Canadian buck weakened on
Wednesday to its lowest stage in nearly per week towards its U.S.
counterpart as oil prices fell and the buck posted
extensive-essentially essentially based positive aspects.
    The loonie        used to be shopping and selling 0.5% lower at 1.2749 to the
buck, or 78.44 U.S. cents, after touching its weakest stage
since last Thursday at 1.2774.    
    "Month-cease flows are seemingly playing a role in the extensive
buck strength this day," acknowledged Erik Nelson, a forex strategist
at Wells Fargo in Recent York. "Likelihood sentiment stays shaky, which
has also weighed on the Canadian buck."
    The U.S. buck        surged to a 10-1/2-month high towards
rival currencies, at the side of the euro       , although a
dispute in Washington over the U.S. debt ceiling threatened to
descend the govt. valid into a shutdown.             
    Losses for the loonie "accelerated" as the euro fell to its
lowest stage of the 365 days, Nelson acknowledged.
    The worth of oil, one of Canada's significant exports, used to be
pressured by an surprising rise in U.S. low inventories and
concerns about a slowing Chinese economic system. U.S. low oil futures
       settled 0.6% lower at $74.83 a barrel.                  
    Producer prices in Canada fell by 0.3% in August from July
on lower prices for softwood scuttle, Statistics Canada acknowledged.
Unruffled, they had been up 14.3% from August last 365 days.                
    Canadian govt bond yields rose even as traders paused
their selling of U.S. Treasuries.
    The Canadian 10-365 days yield             used to be up 2.3 foundation
positive aspects at 1.523%, while the gap between it and its U.S.
equal narrowed by 1.8 foundation positive aspects to a spread of 1.8 foundation
positive aspects in prefer of the U.S. bond, its smallest since April last
365 days.
    Canada's bond market might be closed on Thursday for the
National Day for Truth and Reconciliation. GDP files for July is
due on Friday, which might perchance perchance provide clues on the Financial institution of Canada
policy outlook.

 (Reporting by Fergal Smith; Modifying by Jonathan Oatis and Peter
Cooney)
  

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