Canadian Currency Strong On Tuesday Morning
Tuesday, June 26, 2007 8:53:02 AM - The Canadian currency was strong in action on Tuesday morning in New York. The currency advanced with little economic news from the area.
The Canadian dollar rose against its American counterpart in trading on Tuesday. By the mid morning, the currency had advanced to a mark of 1.0673. On the whole, the Canadian loonie has moved in a range over the past month after reaching a multi-year high.
In trading against the euro, the Canadian currency saw strength on Tuesday. As trading moved into the mid morning, the loonie advanced to a mark of 1.4382. In general, the Canadian currency has moved in a range over the past month after reaching a seven month high.
Treasuries Little Changed In Early Trading Ahead Of Economic News
Tuesday, June 26, 2007 8:45:31 AM - The treasury market was little changed during the first few minutes of Tuesday's trading. The early uncertainty came as traders awaited key economic information due out later in the morning. The yield on the benchmark 10-year treasury hovered below the 5.1% mark, after a second day of buying on Monday drove yields to 2-week lows.
At 10 am Eastern Time, the government will announce statistics on sales of newly-built homes. This will follow-up on data announced on Monday, which showed a slight decline in sales of previously-owned homes. Meanwhile, a closely-watched report on consumer confidence will also come out during the mid-morning.
In the opening stages of Tuesday's trading, the 10-year yield was up less than a basis point to 5.080%.
source:www.rttnews.com
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