Dollar steadies after 3-week low
The US dollar remained stable after reaching its lowest level in three weeks, due to declining Treasury bond yields and diminished appeal as a safe-haven currency, despite increasing demand amidst global market volatility—especially with the ongoing war in the Middle East and concerns over investments in the artificial intelligence sector. The Australian dollar rose by 0.1%, supported by rising inflation fears, while other currencies such as the New Zealand dollar, yen, and British pound declined. Strong stock performance and positive tech company results on Wall Street are boosting expectations of increased foreign capital inflows into the U.S. market, despite ongoing political and financial tensions in France that are weighing on the euro.
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