US Dollar Edges up Against The Loonie to Highest Level Since Early August

01:59 PM EDT, 09/17/2026 (MT Newswires) -- The US dollar edged up slightly against the Canadian dollar Thursday afternoon, hovering near the highest level since Aug 7. In a widely-expected move, the US Federal Reserve raised interest rates by 25 basis points, marking the first hike since July 2023 and causing the greenback to rise to a six-week high against the loonie on Wednesday. The US dollar was last seen up 0.01% to CA$1.3988, the highest since Aug. 7. US 10-year treasury yields edged down to 4.949%. Comex gold futures for December were up 0.3% to $4,402.10 per ounce. Oil prices fell Thursday afternoon after Saudi Arabia shifted some crude exports through the Strait of Hormuz, CNBC reported. West Texas Intermediate October futures benchmark fell 0.4% to $102.04. November Brent crude futures edged down 1.1% to $104.65..