Euro Rises From 17-Month Low as Dollar Weakens
The dollar headed toward its first weekly decline in five weeks, lifting the euro from a 17-month low. Wobbles in AI investment and falling U.S. yields slowed the dollar’s recent gains.
The dollar weakened on Friday, heading for its first weekly decline in five weeks. The euro moved up from a 17-month low as concerns about AI investment and falling US yields curbed the dollar’s recent gains. AI stocks have plunged this week, and the strain has reached parts of the credit market as investors who have crow…