
US Dollar Drops Across Asia as AI Debt Jitters Shake Currency Markets
The greenback slipped 0.45 per cent this week as mounting debt concerns across artificial intelligence infrastructure prompted investors to rethink interest rate paths.
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The greenback slipped 0.45 per cent this week as mounting debt concerns across artificial intelligence infrastructure prompted investors to rethink interest rate paths.

Analysts say any restriction would have limited impact on the city but could instead weaken the US dollar’s global dominance.

A surge in technology equities pushed Japan’s benchmark index above the key threshold for the first time in three months during Monday morning trading.

Traders scaled back bets on an October Federal Reserve rate hike to 38 per cent following softer inflation data, while Brent crude held near US$98 a barrel.

The digital asset hit a four-week low after lawmakers rejected a comprehensive crypto framework, shifting market focus to the Federal Reserve interest-rate decision.

The token rebounded more than $10,000 from weekly lows as options traders loaded up on call contracts following positive exchange-traded fund inflows.

The US Dollar Index pushed past 100 as Asian currencies slid following monetary tightening in Washington.

Options data shows open interest clustering at the $80,000 and $100,000 strikes as spot exchange-traded funds draw fresh capital ahead of a pivotal US rate call.

Japan spent a record $96.4 billion over the past month defending the yen ahead of the Bank of Japan’s policy decision on September 18.

Traders price in a two-in-three chance of a Federal Reserve rate increase this month while Japanese government bond yields pull back from historic highs.

Foreign funds bought 9.5 billion yuan of Chinese sovereign debt in July for a third straight month as weak domestic consumer spending and factory output fuel rate-cut expectations.

Saigon Jewelry Company bars slipped 1% to VND148.7 million per tael following a sharp pullback in global bullion markets.

Tech exporters in Tokyo, Seoul and Taipei pause ahead of chipmaker revenue forecasts of 92 billion dollars and fresh trade tensions.

Asian equities saw mixed results as concerns over the US economy overshadowed earlier hopes for stable interest rates. Weak retail sales and consumer sentiment in the US are now shifting investor focus to upcoming earnings from major retailers.
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