Positive thinking helps push C$ to two-month high



* Canadian dollar strengthens 0.1% against greenback

* Touches strongest level since June 10 at 1.2729

* Price of U.S. oil settles 2.6% higher

* Canadian bond yields rise across steeper curve

By Fergal Smith

TORONTO, Aug 11 (Reuters) - The Canadian dollar climbed to its highest level in more than two months against a broadly weaker U.S. counterpart on Thursday as oil prices rose and investors grew more optimistic about the global economic outlook.

The loonie CAD= was trading 0.1% higher at 1.2765 per greenback, or 78.34 U.S. cents, after touching its strongest level since June 10 at 1.2729.

"The market is having a rethink of the global growth trajectory," said Adam Button, chief currency analyst at ForexLive. "Since the strong U.S. jobs report, the market is starting to focus on the positives."

Data last week showed that the U.S. economy added more jobs than forecast in July, while signs of a peak in U.S. inflation have fed expectations of smaller-than-anticipated Federal Reserve interest rate hikes.

Canada is a major producer of commodities, including oil, so the loonie tends to be sensitive to shifts in risk appetite.

The S&P 500 index .SPX was trading at its highest level in more than three months and oil settled 2.6% higher at $94.34 a barrel.

"The positive economic sentiment is well reflected in the oil price right now," Button said.

Still, the loonie gained less ground than some other commodity-linked currencies including the Australian and New Zealand dollars AUD= NZD=

Canada's inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a "soft landing" for the economy.

Canadian government bond yields were higher across much of a steeper curve, tracking moves in U.S. Treasuries. The 10-year CA10YT=RR rose 11.5 basis points to 2.790%.
Reporting by Fergal Smith; Editing by Paul Simao and John Stonestreet

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明