EURO GETS MUCH - NEEDED REPRIEVE AS AI WOBBLES ROCK THE DOLLAR

What happened: The dollar headed for its first weekly decline in five weeks as AI investment concerns and falling US Treasury yields lifted the euro from a 17-month low. Key numbers: Dollar down 0.2% this week at 158.13 yen; down about 0.1% to $1.1210 per euro; dollar index at 102.07, set for a 0.14% weekly drop; euro fell more than 3% over the prior five weeks; sterling steady at $1.3270, up 0.3% Why it matters: Analysts say a serious repricing of the AI capex boom would be dollar bearish, and with the market positioned long dollars, more AI wobbles could push the currency down further.

The dollar headed for its first weekly decline in five weeks as AI investment concerns and falling US Treasury yields lifted the euro from a 17-month low.

Analysts say a serious repricing of the AI capex boom would be dollar bearish, and with the market positioned long dollars, more AI wobbles could push the currency down further.