US Dollar Nudges Higher Against The Loonie As Bond Yields Fall, Oil Prices Jump

01:49 PM EST, 11/05/2026 (MT Newswires) -- The US dollar nudged higher against the loonie on Thursday afternoon as 10-year Treasury yields fell and oil prices climbed. The greenback was last seen up 0.1% at CA$1.3990. US 10-year Treasury yields fell 6.5 basis points to 4.827% on last look, while 30-year bonds edged down 3.4 basis points to 5.246%. Oil prices jumped, after falling for three straight days. Traders were assessing the impact from reports of new strikes against oil tankers in the Persian Gulf and the outlook for the war on Iran, after the Democrats regained control of the US Congress on Tuesday. West Texas Intermediate December crude oil futures, the US benchmark, rose 2.7% to $90.62 per barrel. January Brent oil futures, the international benchmark, advanced 3.6% to $98.04 a barrel. Comex gold December futures, a traditional safe haven, edged up 0.9% to $4,108.60 per ounce.