Greenback Extends Gains to 10-Week High Against The Canadian Dollar as Bond Yields Continue to Climb

02:02 PM EDT, 09/25/2026 (MT Newswires) -- The US dollar rose to the highest level since mid-July against the Canadian currency on Friday afternoon, as US Treasury bond yields continued their ascent. The greenback was last seen up 0.1% at CA$1.4152. US 10-year treasury yields rose 4 basis points to 5.202%, a 20-year high, on Friday, while US 30-year bonds were up nearly 6 basis points to 5.517%, the highest level in more than 24 years. Comex gold futures for December advanced 0.6% to $4,325.50 per ounce. Oil prices retreated on signs of Iranian overtures to achieve a diplomatic solution. Iran has asked the US to return to the June 17 interim peace deal, and was waiting for a response, CNBC reported. Iran also offered to reopen the Strait of Hormuz within seven days, subject to certain conditions being met, several media outlets noted. West Texas Intermediate November futures benchmark fell 2.7% to $92.09 per barrel. November Brent crude futures slipped 2.5% to $103.92 per barrel.