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

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..

What else is happening in Treasury?

Treasury16h ago

Publicis Groupe Prices Offering of EUR500 Million Notes Due 2030

Publicis Groupe (PUB.PA) priced its offering of 500 million-euro notes due September 2030 under its euro medium-term note program.The notes carry a fixed coupon of 4.125% per annum and are being issued by the French public relations group's unit MMS USA Holdings, according to a Wednesday release.Publicis Groupe will use the net proceeds to finance its purchase of US-based data collaboration network company LiveRamp.

$PUB.PA

Treasury17h ago

Guosen Securities Triggers Interest Payments on Perpetual Subordinated Bondholders

Guosen Securities (SHE:002736) triggered interest payment provisions across several tranches of its perpetual subordinated bonds following shareholder approval of an interim equity dividend, according to a Wednesday exchange filing, according to a Shenzhen bourse filing on Wednesday.Under the terms of the perpetual bonds, the brokerage is prohibited from deferring coupon payments if it distributes dividends to shareholders or cuts its registered capital within the 12-month period preceding an interest payment date.

SHE:002736

Treasury18h ago

Lancang River Hydropower Issues 1.5 Billion Yuan Commercial Paper

Huaneng Lancang River Hydropower (SHA:600025) completed the issuance of 1.50 billion yuan worth of super short-term commercial paper, according to a Thursday disclosure.The bonds have an interest rate of 1.41% and will mature in 172 days.

SHA:600025