Please use symbol entry at top right of page to search

CANADA FX DEBT-Canadian dollar hits 6-day low as investors await Fed minutes

       * Canadian dollar weakens 0.1% against the greenback
    * Touches its weakest since May 19 at 1.2884
    * Price of U.S. oil rises 0.6%
    * Canadian 10-year yield hits a four-week low

    TORONTO, May 25 (Reuters) - The Canadian dollar weakened to
its lowest level in nearly one week against its U.S. counterpart
on Wednesday as broader gains for the greenback, ahead of
minutes from the Federal Reserve's latest policy decision,
offset higher oil prices.
    The U.S. dollar        snapped a two-day losing streak
against a basket of major currencies. The Fed minutes, due at 2
p.m. ET (1800 GMT), could offer clues on just how aggressively
the U.S. central bank might jack up interest rates in the coming
months.
    The Bank of Canada is due to make a policy decision next
week. Money markets expect Canada's central bank to hike by half
a percentage point for the second straight meeting.
    The price of oil, one of Canada's major exports, was buoyed
by tight supplies and the prospect of rising demand from the
summer driving season in the United States. U.S. crude
prices were up 0.6% at $110.38 a barrel.
    The Canadian dollar        was trading 0.1% lower at 1.2833
to the greenback, or 77.92 U.S. cents, after touching its
weakest since May 19 at 1.2884.
    Canadian government bond yields were lower across the curve.
The 10-year             touched its lowest since April 27 at
2.743% before recovering to 2.784%, down 2.6 basis points on the
day.

 (Reporting by Fergal Smith; editing by Jonathan Oatis)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.