TORONTO (Dow Jones)--The Canadian dollar fell against a broadly strengthening U.S. dollar early Monday.
Investors bought the safe-haven greenback after talks between Greek politicians on domestic economic reforms gridlocked, amid separate debt-restructuring talks with private-sector creditors.
The U.S. dollar was recently at C$0.9985 early Monday morning, from C$0.9934 late Friday, according to data provider CQG.
Weekend talks between Greece's three political parties on austerity measures and economic reforms failed to reach an agreement, sending European stocks lower and moving money from most major currencies into the safety of the U.S. dollar.
With no major Canadian economic data expected this week, analysts say Canadian dollar movements will be driven mainly by international events, such as interest-rate announcements by the European Central Bank and ongoing debt talks in Greece.
