Dollar Stabilizes After Reaching Two-Week Low
The dollar stabilizes after falling to a two-week low Friday. The report cites worries about debt-funded AI investments and reduced expectations of another Fed rate increase on October 28; markets price a 12% chance of a 25-basis-point hike next week.
The dollar steadied Friday after touching a two-week low, amid concerns about debt-financed AI investment and lower expectations of another Federal Reserve rate increase on October 28. Markets are pricing in just a 12% probability of a 25-basis-point hike next week…