USD/CAD: Brent above $100 on Iran war lifts 10-year yield above 4.8%
The source reports no FX price move, pip figure or technical levels. The analysis argues that oil prices are the main driver of the rise in long-term bond yields. It describes the other factors being blamed as noise. According to the piece, the Iran war is the reason oil is rising. Brent crude has pushed back above $100 a barrel as the US-Iran conflict escalated. Meanwhile, the 10-year Treasury yield has climbed above 4.8%, its highest level since 2023. For traders, the link between energy prices and long-end yields puts oil-sensitive USD/CAD in focus. Geopolitical developments in the US-Iran conflict are a key driver to watch for both yields and the dollar.
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