Dollar Steady, Yen Gains Amid Market Volatility and AI Regulation Concerns
The dollar held steady against major currencies as investors sought safe havens amid a volatile market downturn. Concerns about a possible Democratic majority in Congress raised fears of stricter AI regulations. The 10-year Treasury yield fell, indicating changing Federal Reserve rate expectations. The euro remained stable, while the yen and Swiss franc strengthened against the dollar.
ET Markets·

