* C$ inches higher as U.S. equity futures point up
* U.S. housing, confidence data in focus
* Bank of Canada's Timothy Lane speaks at 1 p.m.
TORONTO, Aug 25 (Reuters) - Canada's dollar edged higher
versus the U.S. greenback on Tuesday after an overnight dip as
U.S. stock index futures pointed to a positive open.
Overnight, the Canadian unit slipped as low as C$1.0805 to
the U.S. dollar, or 92.55 U.S. cents, alongside weakening
But news that Ben Bernanke will be renominated as chairman
of the U.S. Federal Reserve for a second term [ID:nLP233065]
lifted U.S. stock index futures ahead of U.S. housing and
confidence data. [ID:nN25195102]
The S&P/Case-Shiller U.S. Home Price Index for June is at 9
a.m. (1300 GMT) and consumer confidence for August, due at 10
a.m. (1400 GMT)
"The Canadian dollar and other currencies are taking their
cue from broader market movements that are seen in equities,"
said Jack Spitz, managing director of foreign exchange at
National Bank Financial.
"What we're seeing so far in the handoff into the North
American session is somewhat of a rebound in equity markets
ahead of Case-Shiller and consumer confidence, both of which
are expected to be stable to marginally positive releases."
At 8:21 a.m. (1221 GMT), the Canadian dollar was at
C$1.0751 to the U.S. dollar, or 93.01 U.S. cents, up from
C$1.0770 to the U.S. dollar, or 92.85 U.S. cents, at Monday's
In the previous session, better-than-expected retail sales
in June helped lift the Canadian currency to its highest since
Aug. 6 at C$1.0727, and a 22 percent move off the four-year low
reached in early March, but that level was so far unmatched on
There was no Canadian data on tap, although traders may
look at a speech by Timothy Lane, a deputy governor of the Bank
of Canada. He will be speaking on "The Canadian Economy Beyond
the Recession" in Kingston, Ontario, at 1 p.m. (1700 GMT).
Canadian bond prices were flat ahead of the day's data. The
two-year Canadian bond
dipped 1 Canadian cent to
C$99.37 to yield 1.318 percent, while the 10-year bond
rose 10 Canadian cents to C$102.70 to yield 3.421
The 30-year bond
was off 2 Canadian cents at
C$118.28 to yield 3.914 percent.
(Reporting by Ka Yan Ng; Editing by Kenneth Barry)