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* Canadian dollar falls 0.2% against the greenback
* Loonie hits strongest intraday since Sept. 12 at 1.3207
* Price of U.S. oil decreases 0.1%
* Canadian bond prices rise across steeper yield curve
TORONTO, Oct 2 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday, pulling back from a near three-week high earlier in the session, as the greenback steadied following disappointing U.S. manufacturing data a day earlier.
At 9:25 a.m. (1325 GMT), the Canadian dollar was
trading 0.2% lower at 1.3250 to the greenback, or 75.47 U.S. cents. The currency touched its strongest intraday level since Sept. 12 at 1.3207.
The U.S. dollar edged higher against a basket of
major currencies after data on Tuesday showing a shock contraction in U.S. manufacturing activity knocked it off two-year highs. The U.S. manufacturing data confirmed that the domestic economy was feeling the burn from a prolonged trade war between the United States and China. The Bank of Canada has worried that the U.S.-China trade conflict is weighing more heavily on the global economy, but has showed no appetite for cutting rates amid steady domestic activity. Canada's trade report for August is due on Friday, which could help guide expectations for the central bank's interest rate outlook. The price of oil, one of Canada's major exports, gave up its earlier gains as depressed global markets offset industry data showing a surprise drop in U.S. crude inventories. U.S. crude
oil futures were down 0.1% at $53.55 a barrel.
Canadian government bond prices were higher across a steeper yield curve in sympathy with U.S. Treasuries. The two-year rose 6 Canadian cents to yield 1.50% and the 10-year was up 17 Canadian cents to yield 1.334%.
(Reporting by Fergal Smith; Editing by Bernadette Baum)