Dollar stabilizes amid AI and rate worries
The dollar remained steady in today's Monday trading at around 101.85 points, balancing support factors such as rising energy prices and expectations of monetary policy tightening with pressures like concerns over the sustainability of AI investments and their impact on stock and bond markets. Technology stocks declined amid growing doubts about whether AI companies can generate profits sufficient to cover their hefty expenses. This situation led to increased demand for U.S. Treasury bonds, causing their yields to drop to 5.076%. Analysts expect the dollar index to fall to around 101 points in the coming months, as investors await the Federal Reserve's interest rate decisions on October 28. Meanwhile, the market remains affected by oil price volatility and inflation concerns.
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