US Dollar Heads for Weekly Fall Amid AI Selloff
The US dollar is on track for its first weekly decline in over a month as an artificial intelligence stock selloff shifts investor focus toward a more dovish Federal Reserve policy outlook. Meanwhile, the Swiss franc and euro posted weekly gains.
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The United States dollar fell 0.25% to 101.77, heading for its first weekly drop in over a month as investors weighed a tech selloff against shifting Federal Reserve rate expectations. The retreat comes as anxiety over escalating tensions involving Iran subsided across global markets. Currency strategists noted the shift signals a potential decoupling of the greenback from traditional safe-haven demand during equity corrections.
