Dollar faces first weekly decline amid AI pressure

The dollar declined today, Friday, heading toward its first loss in over a month against the euro and yen. Market concerns over the possibility of the Federal Reserve not raising interest rates further, combined with a wave of selling in the artificial intelligence sector stocks—which affected credit markets—pushed the dollar index down by 0.42% to 101.61. There is an 85% probability that interest rates will remain unchanged at the end of the month. Safe-haven currencies, such as the Swiss franc, also experienced gains, while market expectations led to a decline in the dollar against these currencies. There are expectations that the Federal Reserve will avoid raising rates again, amid fears about the sustainability of the market due to the volatility in the artificial intelligence sector.

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