CANADA FX DEBT-Canadian dollar dips as focus turns to U.S. inflation data

(Adds dealer quotes and details throughout, updates prices)

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Canadian dollar weakens 0.2% against the greenback

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Trades in a range of 1.3377 to 1.3445

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Price of U.S. oil settles 0.7% higher

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Canadian bond yields rise across curve

TORONTO, Jan 10 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday, with the currency pulling back from a six-week high as investors await U.S. inflation data this week that could offer clues on the Federal Reserve policy outlook.

The loonie was trading 0.2% lower at 1.3420 to the greenback, or 74.52 U.S. cents, after moving in a range of 1.3377 to 1.3445.

On Monday, the currency touched its strongest intraday level in more than six weeks at 1.3355. It was helped by recent improvement in investor sentiment and data last Friday showing the Canadian economy adding many more jobs than expected in December.

"After a very strong move in the currency yesterday, 'turnaround Tuesday' was all but guaranteed to give back some of the gains," said Tony Valente, senior FX dealer at AscendantFX.

Wall Street stocks rallied as Fed Chair Jerome Powell steered clear of commenting on the monetary policy outlook in remarks to a forum on central bank independence.

There was no pushback by Powell against "the recent run-up of risk appetite," Valente said. "The market is really now in a consolidative tone as we wait for the next reading of U.S. CPI."

U.S. consumer price index data for December, due on Thursday, is expected to show the annual rate of inflation cooling to 6.5% from 7.1% in November.

The price of oil, one of Canada's major exports, settled 0.7% higher at $75.12 a barrel, its fourth consecutive day of gains, as the U.S. government forecast record global petroleum consumption next year.

Canadian government bond yields rose across the curve, tracking the move in U.S. Treasuries.

The 10-year was up 3.2 basis points at 3.116%, after touching on Monday its lowest intraday level in nearly three weeks at 3.064%. (Reporting by Fergal Smith Editing by Nick Zieminski and Bill Berkrot)