U.S. Dollar Rises as Stock Selloff Spreads Across Markets
The dollar gained against major currencies on Friday, supported by safe-haven demand as the AI-stock selloff spread from Asia to Europe. Markets awaited a U.S. payrolls report.
By Alun JohnThe US dollar gained against other major currencies on Friday, drawing support from safe-haven demand, as the selloff in AI stocks spread worldwide and markets awaited a US payrolls report.Asia's tech-heavy markets fell heavily on Friday, and selling broadened in Europe.On Thursday, US…