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Euro gets much-needed reprieve as AI wobbles rock the dollar
SINGAPORE: The dollar headed for its first weekly fall in five weeks on Friday, lifting the euro from a 17-month low as wobbles in AI investment and drop in US yields put the brakes on recent gains. AI stocks have cratered this week and the stress spread to parts of the credit market as investors who have crowded in to bets all along the AI supply chain worry that data centre operators might not manage to be profitable in time to pay their debts. The result, so far, has been a flight to Treasuries, where the US 10-year yield is set for its largest weekly fall in more than a year, and to sell a...
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