US Dollar Nudges Higher Against The Loonie as Bond Yields Rise

01:54 PM EDT, 09/18/2026 (MT Newswires) -- The US dollar was slightly higher against the Canadian dollar on Friday afternoon, hovering near the highest level since early August. The US dollar was last seen up 0.04% to CA$1.3997. US 10-year treasury yields climbed back up to 5% even after the US Federal Reserve hiked interest rates by 25 basis points on Wednesday, marking the first increase since July 2023. Comex gold futures for December were up 0.6% to $4,4426.40 per ounce. Oil prices dropped Friday afternoon after Saudi Arabia shifted some crude exports through the Strait of Hormuz, according to reports by several media outlets. West Texas Intermediate October futures benchmark fell 1.1% to $100.76 per barrel. November Brent crude futures edged down 1.1% to $103.66.