Higher US yields and lower oil prices help USD/CAD have a look above 1.3900 this morning

Since the last update here on the USD/CAD the US dollar has managed to push gradually higher. The lower Canadian interest rates now are clearly and slowly having a negative impact on the CAD. This morning the further gains in US yields is also adding support to the US currency. The US 10 year yield is now pushing closer to the 4.30% mark. So, the USD/CAD has now managed to finally push above the 1.39 handle for the first time since August 5. The reader is again reminded of the high seen then (also a 2024 high) was set at 1.3946 and that price point remains the next big hurdle for the USD/CAD, as mentioned here several times previously. The range seen so far today has been covered by 1.3882 to 1.3906. The USD/CAD had closed in the US on Friday, at 1.3892. The slide in oil prices today is also not helping the Canadian currency much today. The USD/CAD is currently trading at 1.3890