US Dollar Weakens Against The Loonie, as Oil And Gold Prices Jump

01:55 PM EDT, 09/02/2026 (MT Newswires) -- The US dollar weakened against the loonie Wednesday afternoon as Middle East hostilities resumed, boosting oil pricese. The greenback was down 0.4% to C$1.3842 on last look. West Texas Intermediate October crude oil futures, the US benchmark, jumped 1% to $91.13 per barrel. November Brent oil futures, the international benchmark, rose 1.2% to $95.80 per barrel. Comex December gold futures edged up 0.4% to $4,415.20 per ounce, as the US dollar slipped slightly.