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

01:53 PM EDT, 10/29/2026 (MT Newswires) -- The US dollar turned down against the Canadian currency on Thursday afternoon as lower oil prices also pushed 10-year Treasury yields down. The greenback was last seen down 0.2% to CA$1.3965. US 10-year US Treasury yields fell 4.4 basis points to 5.001% on last look, while 30-year bonds edged down 1.9 basis points to 5.34%. Oil prices fell on Thursday on hopes of renewed dialogue between the US and Iran. The Wall Street Journal reported today that Vice President JD Vance had reached out to Mohsen Rezaei, who heads Iran's Supreme National Security Council. West Texas Intermediate December crude oil futures, the US benchmark, fell 0.7% to $102.07 per barrel. December Brent oil futures, the international benchmark, dropped 0.4% to $114.91 a barrel. Comex gold December futures edged 0.5% lower, to $4,030.90 per ounce after healthy US gross domestic product data released on Thursday morning firmed expectations that the Federal Reserve would raise interest rates this year. The Federal Reserve kept rates unchanged on Wednesday. US GDP grew 3.4% quarter-on-quarter in an advance estimate, up from 2.2% in the second quarter. Personal spending increased 0.5% in September, but was lower than the 0.9% increase in August.