US Dollar Nears 18-Month Peak Against The Loonie as Treasury Yields Stay High

01:45 PM EDT, 10/02/2026 (MT Newswires) -- The US dollar rose to match the prior session's highest intraday level since April 2025 against its Canadian counterpart on Friday afternoon, as US Treasury bond yields shrugged off earlier losses to stay at multi-decade highs. The greenback was last seen up 0.3% at CA$1.4256. The US 10-year and 30-year treasury yields, which were slightly lower in the morning, turned higher. Holding around 20-year highs, 10-year yields rose 4 basis points to 5.275%, while 30-year bonds edged up over 2 basis points to 5.626%. Comex gold futures for December, which had been higher in morning trade, changed direction to fall 0.9% to $4,165.00 per ounce. Oil prices were mixed after leaders of the G7 nations agreed to release up to 100 million barrels of their emergency diesel and crude oil stockpiles, yielding to pressure from US President Donald Trump to ease fuel prices, several media outlets reported. West Texas Intermediate November futures benchmark fell 1.4% to $91.50 per barrel while December Brent crude futures turned up 0.1% to $102.40 per barrel.