GREENBACK HEADS FOR WEEKLY FALL AS INVESTORS GAUGE AI SELL - OFF IMPACT

What happened: The dollar headed for its first weekly decline in over a month against the euro and yen as investors weighed the impact of Wednesday's AI-led stock sell-off and shifted focus to the US rate outlook. Key numbers: Dollar index fell 0.35% to 101.70, set for a 0.55% weekly decline. Why it matters: Analysts said Wednesday's moves may preview how currencies react to a major AI-driven sell-off, with the dollar falling rather than drawing safe-haven demand. ING expects the dollar to consolidate near recent highs until short end rates break lower. Coverage: 3 outlets in 24h

The dollar headed for its first weekly decline in over a month against the euro and yen as investors weighed the impact of Wednesday's AI-led stock sell-off and shifted focus to the US rate outlook.

Analysts said Wednesday's moves may preview how currencies react to a major AI-driven sell-off, with the dollar falling rather than drawing safe-haven demand. ING expects the dollar to consolidate near recent highs until short end rates break lower.