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US dollar update October 16 2026
The US dollar declined today, Friday, October 16, 2026, marking its first weekly drop in five weeks. It settled at 158.13 yen, down 0.2% over the week. The euro exchanged at 1.1210 dollars, a decrease of 0.1%. Experts like Brent Donnelly from Spectra Markets attributed this decline to a sharp reassessment of capital spending on artificial intelligence, considering that the market is pricing in a potential peak, making the dollar a candidate for selling. The dollar index is approaching the 102.07 level, heading toward a 0.14% weekly decline. Meanwhile, the British pound gained 0.3%, reaching 1.3270 dollars. The New Zealand dollar showed limited gains but fell by 0.8% against the US dollar.
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