JGBs little changed as investors count down to fiscal year-end
TOKYO, March 27 Japanese government bond prices were steady across the board as investors were reluctant to stake out positions ahead of the looming domestic fiscal year-end.
* C$ hits 2-week low of C$0.9914 vs US$, or $1.0087 * Also weakens to 9-month low against euro * Unexpectedly strong Canadian data fails to boost C$ * Bond prices rise across the curve By Claire Sibonney TORONTO, Jan 18 Canada's currency slid to a two-week low against a broadly stronger U.S. dollar on Friday after breaching a technical support level that pushed it out of its recent range. The move marked an exit from the range of less than one U.S. cent that it has held onto for the past couple weeks, which had been capped by the C$0.9885, or $1.0116, level. "It's really one-way flow in favor of the U.S. dollar right now ... it's the end of the week, it's bringing some position squaring with it. There is no influential data that's coming out of the market today in a meaningful way," said Jack Spitz, managing director of foreign exchange at National Bank Financial. The break prompted the currency to weaken as far as C$0.9914, or $1.0087. Spitz saw the next significant area of Canadian-dollar support around the 200-day moving average near C$0.9983, or $1.0017. Investors largely ignored data on Friday that showed Canadian manufacturing sales rebounded sharply in November, more than compensating for the big slump in October. At 9:27 a.m. (1427 GMT), the Canadian dollar stood at C$0.9912 versus the greenback, or $1.0089, weaker than Thursday's North American session close at C$0.9857, or $1.0145. Global equities rose on Friday and did not appear to be positively correlated in their typical way with the Canadian dollar and other commodity currencies which underperformed. "The traditional correlations between strong equities and a weak dollar are breaking away in favor of better economics and ultimately better bid for currencies that are related to those economics," Spitz said. Trading in the euro crosses was much more volatile on Friday as the euro hit a nine-month high against the Canadian dollar at C$1.3246, or 75.49 euro cents. Canadian bond prices climbed across the curve, tracking U.S. Treasuries higher. Canada's two-year bond rose 2 Canadian cents to yield 1.188 percent, while the benchmark 10-year bond gained 25 Canadian cents to yield 1.923 percent.
DUBAI, March 27 Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy.