US Dollar Strengthens Against The Loonie as Bond Yields Climb, Oil Prices Fall

01:09 PM EST, 11/03/2026 (MT Newswires) -- The US dollar nudged higher against the Canadian currency on Tuesday afternoon as 10-year Treasury yields advanced and oil prices fell for the second straight day. The greenback was last seen up 0.06% to CA$1.3993. US 10-year US Treasury yields rose 6 basis points to 4.954% on last look, while 30-year bonds climbed 5.7 basis points to 5.328%. Oil prices edged down on Tuesday despite the US attacking Iran's Queshm Island overnight, the Wall Street Journal reported. Traders are hoping that a diplomatic solution might still be arrived at for the war. West Texas Intermediate December crude oil futures, the US benchmark, fell 0.5% to $95.99 per barrel. January Brent oil futures, the international benchmark, dropped 1.3% to $103.42 a barrel. Comex gold December futures edged down 0.7% to $3,940.20 per ounce.