Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls
The dollar maintained its ground against key currencies as traders flocked to safe havens following a volatile market downturn. Concerns mounted over a potential Democratic majority in Congress, raising alarms about stricter regulations on the artificial intelligence sector. Meanwhile, the yield on 10-year Treasury bonds declined, signaling shifts in Federal Reserve interest rate outlooks. The euro remained stable against the dollar, with the yen and Swiss franc making gains.
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