By Chris Fournier Sept. 15 (Bloomberg) -- Canada’s dollar depreciated against its U.S. counterpart, after falling yesterday by the most this month, as investor appetite for riskier assets remained subdued. “Sentiment remains quite brittle,” said Matthew Strauss, a senior currency strategist in Toronto at RBC Capital Markets, a unit of Canada’s biggest bank. “In line with that, commodity currencies remain under pressure. The Canadian dollar and the Australian dollar are some of the worst performers.” The Canadian currency weakened 0.3 percent to C$1.0861 per U.S. dollar at 8:15 a.m. in Toronto, from C$1.0827 yesterday, when it depreciated by as much as 1.5 percent. One Canadian dollar buys 92.07 U.S. cents. The dollars of Australia and Canada were the second- and fifth-worst performers, respectively, against the U.S. dollar among the 16 most-active currencies tracked by Bloomberg, even as crude oil for October delivery rose 42 cents, or 0.6 percent, to $69.28 a barrel in New York. Crude, Canada’s biggest export, dropped $3.19 a barrel in the previous two sessions. The U.S. dollar gained against 10 of the 16 major currencies. “Another indication that there’s still some fear left in the market is reflected in broad-based U.S. dollar strength,” said Strauss. Statistics Canada releases data on motor vehicle sales and labor productivity at 8:30 a.m. in Ottawa.

Source