US Dollar Nudges Higher Against The Loonie as Bond Yields And Oil Prices Edge Down

01:56 PM EDT, 10/26/2026 (MT Newswires) -- The US dollar was slightly stronger against the Canadian currency on Monday afternoon as 10-year Treasury yields and oil prices nudged lower. The greenback was last seen up 0.09% to CA$1.4015. The 10-year US Treasury yields was 1 basis point lower at 4.978% while 30-year bonds edged down 2 basis points to 5.296%. The US Federal Reserve rate decision is due on Wednesday. BMO Senior Economist Douglas Porter said in a note last Friday that the Fed's rate decision is now in the "expected hold" category. The move has been prompted by the cooldown in the AI sector and milder job growth. Porter expected the Federal Reserve to hike rates two more times, in December and March. Oil prices dropped as as Saudi Arabia's Defense Minister Prince Khalid bin Salman travelled to Iran to attend the Makkah Joint Defense Agreement talks. Also participating were officials from Turkey and Pakistan, a Saudi government post on X said. West Texas Intermediate December futures benchmark fell 1.1% to $102.16 per barrel. December Brent crude futures were 0.5% lower to $116.15 per barrel. Comex gold futures for December advanced 0.7% to $4,037.10 per ounce on last look.