Australian Dollar Weakens Against U.S. Dollar to Seven-Month Low
The Australian dollar weakens against its U.S. counterpart as a tech-stock selloff weighs on risk-sensitive currencies. The body attributes investor concerns to strong Democratic performance in the U.S. midterm elections and AI data-center spending.
The Australian dollar weakens to a seven-month lows against its U.S. counterpart as a selloff in tech stocks weighs on risk-sensitive currencies. "The strong performance of the Democrats in the [U.S. midterm elections] has triggered investor concerns that the ongoing build out of AI data centers co…