The Canadian dollar solidified versus the US dollar Monday following data showed domestic housing starts climbed in July, which helped the currency recoup from last’s week selloff.
The report reflected housing starts escalated to 200,098 last month, which helped lift the loonie pick up momentum through the day.
The loonie concluded the North American session at C$1.0919 to the greenback or 91.58 US cents, firmer than Friday’s C$1.0971 or 91.15 US cents.
On Friday, the currency sold off, pushing it into the C$1.09 high following the release of a disappointing Canadian jobs report for July, indicating growth in the labor market remained sluggish.
Meanwhile, the Canadian government bond prices declined across the maturity curve. The two-year off half a Canadian cent, to 1.062%. The 10-year fell 1 Canadian cent, to 2.073%.
The material has been provided by InstaForex Company – www.instaforex.com
The Canadian dollar solidified versus the US dollar Monday following data showed domestic housing starts climbed in July, which helped the currency recoup from last’s week selloff.
The report reflected housing starts escalated to 200,098 last month, which helped lift the loonie pick up momentum through the day.
The loonie concluded the North American session at C$1.0919 to the greenback or 91.58 US cents, firmer than Friday’s C$1.0971 or 91.15 US cents.
On Friday, the currency sold off, pushing it into the C$1.09 high following the release of a disappointing Canadian jobs report for July, indicating growth in the labor market remained sluggish.
Meanwhile, the Canadian government bond prices declined across the maturity curve. The two-year off half a Canadian cent, to 1.062%. The 10-year fell 1 Canadian cent, to 2.073%.
The material has been provided by InstaForex Company – www.instaforex.com
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