Canadian dollar weakens 0.3 against the greenback
Touches its weakest since Aug. 7 at 1.3775
Price of US oil jumps 3.8
2year yield eases 7.3 basis points

TORONTO, Oct 10 Reuters The Canadian dollar fell for a seventhstraight day against its U.S. counterpart on Thursday as investors weighed prospects of the Federal Reserve pausing its rate cuts and awaited domestic jobs data that could guide bets on the Bank of Canada outlook.

The loonie was trading 0.3 lower at 1.3750 to the U.S. dollar, or 72.73 U.S. cents, after touching its weakest level since Aug. 7 at 1.3775.

This Canadiandollar selloff is getting nuts, all on the heels of growing speculation that the Fed won39;t cut rates at all in November, said Erik Bregar, director, FX precious metals risk management at Silver Gold Bull.

Atlanta Federal Reserve Bank President Raphael Bostic said the choppiness in recent data on employment and inflation may warrant leaving rates on hold next month.

U.S. consumer prices rose slightly more than expected in September amid higher food costs. Still, the annual increase of 2.4 was the smallest in more than 312 years.

This reaction in markets is way overdone … I think the Canadian dollar is a steal here and should be bought, Bregar said.

Canada39;s monthly employment report, due on Friday, is expected to show the economy adding 27,000 jobs in September and the unemployment rate rising to 6.7.

Investors expect the Bank of Canada to ease interest rates for a…