OTTAWA, July 28- Canada's economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter and raising expectations for a second interest rate hike in the coming months. The Canadian dollar added to gains against the greenback immediately after the report, while traders...
The Swiss franc fell for a fourth consecutive day and is on track to post its biggest monthly drop in six years against the euro.
*Canadian dollar at C $1.2558 or 79.63 U.S. cents. "Today it's taking part in the broad dollar corrective move," said Bipan Rai, executive director and senior macro strategist at CIBC Capital Markets. "So I don't think it's anything endogenous to Canada itself."
The U.S. dollar rallied after solid U.S. economic data, bouncing back from lows plumbed after Wednesday's Fed monetary policy statement.
*Canadian dollar at C $1.2481, or 80.12 U.S. cents. *Touches two-year high of C $1.2414, or 80.55 U.S. cents. TORONTO, July 27- The Canadian dollar touched a new two-year high against the greenback on Thursday before slipping in the wake of a slew of U.S. data that indicated an acceleration in growth during the second quarter.
The dollar index fell on Wednesday after the release of the Federal Reserve's policy statement following its July meeting.
The dollar index edged up on Tuesday after falling to a 13-month low.
*Canadian dollar at C $1.2489 or 80.07 U.S. cents. TORONTO, July 25- The Canadian dollar firmed against the greenback on Tuesday, as the U.S. dollar slid against a basket of currencies and oil prices climbed on promises by major producers to help control oversupply. trading at C $1.2489 to the greenback, or 80.07 U.S. cents, up 0.2 percent.
The dollar languished near a 13-month low against a basket of currencies on Tuesday.
*Canadian dollar at C $1.2512, or 79.92 U.S. cents. *Spread between US, Canada 2- year bonds less than 10 bps. At 8:49 a.m. ET, it was trading at C $1.2512 to the greenback, or 79.92 U.S. cents, up 0.2 percent.
The U.S. dollar hit its lowest level in more than a year against a basket of major rivals on Friday.
*Canadian dollar at C $1.2588, or 79.44 U.S. cents. "The Canadian dollar is riding high, but it won't last forever, and any signs of weakness in inflation and in consumer spending could cause a sharp reversal," said Adam Button, currency analyst at ForexLive in Montreal. The currency traded in a range of C $1.2541, its strongest since early May 2016, and C $1.2640.
The U.S. dollar recovered some losses against the euro on Wednesday after touching a more than one-year low in the prior session.
The dollar fell to its lowest in nearly two years against the euro on Thursday after European Central Bank chief Mario Draghi's comments.
*Canadian dollar at C $1.2613, or 79.28 U.S. cents. TORONTO, July 20- The Canadian dollar edged lower against its U.S. counterpart on Thursday, but held near 14- month highs as oil prices rose and the greenback turned lower against a basket of major currencies. regional gauge of business conditions fell to an eight-month low and as comments by European Central Bank...
*Canadian dollar at C $1.2622 or 79.23 U.S. cents. The currency traded between C $1.2581, its strongest level since early May 2016, and C $1.2702 during the session. "I think that threshold may be acting as an opportunity to close out or at least take some profit on some short USD/CAD positions," said Mazen Issa, senior FX strategist at TD Securities in New York, adding...
The dollar hit its lowest against the euro in more than a year on Tuesday, with the broader dollar index touching a more than 10-month low.
The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday.
The dollar index fell on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about growth.
The dollar index steadied Thursday, helped by upbeat U.S. economic data.