Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls
A stock selloff pushed investors into the yen and bonds, while Treasury yields fell and traders awaited Friday's payrolls report.
- The dollar held steady against major currencies on Friday after a sharp equity selloff, triggered by a Democratic sweep in Congress that hammered US stocks and lifted the yen.
- Fears of tighter scrutiny around artificial intelligence Data center construction roiled global markets this week, with the Nasdaq recording its deepest one-day drop since Liberation Day in April 2025.
- The 10-year Treasury yield fell to 4.84% in the Asian morning, while the two-year yield dropped about 10 basis points to 4.47% as markets repriced Federal Reserve expectations.
- OCBC analysts noted the yen strengthened 0.2% to a one-week high as investors sought haven assets. "The AI selloff is creating competing forces for the dollar," they said.
- Next on the agenda is Friday's non-farm payrolls report, which will gauge the Federal Reserve's rate path after Recent data showed jobless claims fell by 6,000 to 189,000.
15 Articles
15 Articles
Dollar climbs on safe haven demand as AI rout saps Asian markets
LONDON, Nov 6 : The dollar gained against other major currencies on Friday, drawing support from safe-haven demand as the selloff in AI stocks spread worldwide and the markets awaited a US payrolls report.Asia's tech-heavy markets fell heavily on Friday, and selling broadened in Europe. The previous
Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls
The correction of global exchanges, especially of technological assets linked to artificial intelligence, has boosted demand for shelter assets and favored the dollar. Concerns about AI’s high infrastructure spending and the possibility of a more restrictive regulatory environment under the Democratic control of the U.S. Congress have weakened investment expectations in this sector.
Future interest rates are stable on the morning of Friday, 6, in line with the dollar, with investors waiting for the report from...
U.S. dollar rises as AI stock sell-off fuels safe-haven demand ahead of U.S. jobs data
The U.S. dollar held firm against major currencies on Friday, supported by safe-haven demand as a global sell-off in artificial intelligence (AI) stocks rattled financial markets, while lower U.S. Treasury yields limited its gains ahead of a closely watched U.S. jobs report. The dollar index, which measures the greenback against a basket of six major […]
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