US Dollar Edges Up Against The Loonie as Bond Yields Nudge Higher, Oil Prices Drop

01:31 PM EDT, 10/27/2026 (MT Newswires) -- The US dollar strengthened against its Canadian counterpart for the second straight day this week, as Treasury yields edged up and oil prices eased. The US Federal Reserve two-day monetary policy meeting is also underway, with the central bank's latest interest rate decision due Wednesday. The greenback was last seen up 0.2% to CA$1.4045. The 10-year US Treasury yields ticked up to 4.991% while 30-year bonds were also slightly higher at 5.302%. Oil prices fell Tuesday afternoon on hopes that fighting in the Middle East may be reduced: Saudi Arabia and Iran met in Tehran as part of the Makkah joint defense pact, with Pakistan and Turkey also attending. West Texas Intermediate December futures benchmark fell 1.7% to $100.04 per barrel. December Brent crude futures were 1.6% lower to $114.01 per barrel. Comex gold futures for December advanced 0.9% to $4,072.50 per ounce on last look. US durable goods orders advanced 1.8% in September, more than expected, and followed an upwardly revised 0.1% gain in August, noted BMO Senior Economist Priscilla Thiagamoorthy. "September's durable goods report points to resilient business investment. Aircraft orders powered the headline gain, but underlying demand continued to expand, while firmer capital goods shipments suggest equipment spending helped support economic growth at the end of Q3 with plenty of momentum heading into Q4," Thiagamoorthy wrote in a note.