
Dollar Surges as AI Stock Valuations Face Scrutiny
A strong U.S. dollar, fueled by positive economic data, is pressuring commodities while analysts raise concerns over high valuations in the AI stock sector.
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A strong U.S. dollar, fueled by positive economic data, is pressuring commodities while analysts raise concerns over high valuations in the AI stock sector.

Global markets are in a holding pattern as investors cautiously await key U.S. jobs data and signals from the Federal Reserve, impacting the dollar, gold, and stocks.

The U.S. dollar is holding firm as traders reassess the odds of a December Fed rate cut, leading to a tense, data-dependent foreign exchange market.

China's yuan now settles over half of its cross-border payments, surpassing the dollar's share for the first time in a significant milestone for Beijing's currency strategy.

The U.S. dollar has surged to new highs, causing gold, silver, and platinum prices to fall. Meanwhile, natural gas prices are rallying on colder weather forecasts.

The Australian dollar weakened against the U.S. dollar as traders anticipate the RBA's policy decision and reassess bets on a Federal Reserve rate cut.

The Indian rupee held its ground just shy of a record low on Monday, closing at 88.7775, as the Reserve Bank of India actively intervened to counter strong U.S. dollar demand.

The Euro has fallen below the critical 1.1600 support level against the US Dollar, signaling a bearish turn as the pair trades below key moving averages.

Asian stocks climbed on Monday, buoyed by a U.S.-China trade truce and AI investment, but gains were tempered by a strengthening dollar after hawkish Fed comments.

The exchange rate for the US dollar rose slightly against the Iraqi dinar in Baghdad and Erbil, highlighting the ongoing gap between official and parallel markets.

Gold prices suffered their sharpest weekly loss since October, falling 2.71% after the Federal Reserve signaled a more cautious approach to future rate cuts.

Pound Sterling faces continued pressure against the US Dollar, with a potential retest of 1.3120. Strong dollar and UK fiscal concerns weigh on GBP.