US Dollar Stronger Against Canadian Counterpart as Bond Yields Climb
MT newswire2026/10/07 17:1801:18 PM EDT, 10/07/2026 (MT Newswires) -- The US dollar strengthened against the loonie on Wednesday afternoon after declining the day before as bond yields advanced to near 25-year highs and gold fell. The greenback was last seen up 0.3% at CA$1.4252. US Treasury yields climbed to the highest levels since early 2002: 10-year yields rose 4.2 basis points to 5.313%,while 30-year bonds advanced 5.1 basis points to 5.692%. Comex gold futures for December, pressured by the higher yields and stronger dollar, retreated 1.2% to $4,135.60 per ounce, to a two-month low. Oil prices were mixed. West Texas Intermediate November futures benchmark slipped 0.7% to $88.83 per barrel. December Brent crude futures advanced 0.1% to $100.71 per barrel. The US Federal Reserve will release the minutes of its last policy meeting in September this afternoon at 2.00 pm ET.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Canaccord Genuity: Lowers Oklo's target price to $66
Crypto prices
More
