US Dollar Edges Down Against The Loonie as 10-Year Yields Fall Below 5%, Gold Declines

01:24 PM EDT, 10/30/2026 (MT Newswires) -- The US dollar weakened against the Canadian currency on Friday afternoon and was at a six-week low as 10-year Treasury yields fell and the price of gold fell to a one-year low. The greenback was last seen down 0.3% to CA$1.3950. US 10-year US Treasury yields fell 5.2 basis points to 4.937% on last look, while 30-year bonds edged down 1.3 basis points to 5.316%. Oil prices jumped near 3% on Friday after an attack on an oil tanker in the Strait of Hormuz left the vessel on fire with the status of crew and environmental impact still unclear, reported the UK Maritime Trade Operations. The attack comes the Wall Street Journal reported yesterday that Vice President JD Vance had reached out to Mohsen Rezaei, who heads Iran's Supreme National Security Council, briefly sparking hopes of renewed dialogue. West Texas Intermediate December crude oil futures, the US benchmark, climbed 2.9% to $104.91 per barrel. December Brent oil futures, the international benchmark, advanced 2.6% to $117.88 a barrel. Comex gold December futures were at a one-year low after dropping 3.2% lower, to $3,904.00 per ounce.