# Canadian dollar steadies near 8-day high as bond yields fall

> The Canadian dollar was little changed at 1.3595 per US dollar on October 10, near its strongest level since October 2, as Canadian bond yields fell alongside US Treasuries. US crude fell 0.4% to $86.06 a barrel on demand worries that offset Middle East supply risk.

- Date: 2023-10-10 · published 2023-10-10T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33854-canadian-dollar-steadies-near-8-day-high-as-bond-yields-fall
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Routine currency and crude moves with no new fundamental driver have minimal effect on feed commodity pricing.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dollar-steadies-near-8-day-high-bond-yields-fall-2023-10-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.