Dollar falls most since Sept. 3 as AI concerns drive bond rally

Bloomberg · 5 hours ago
Dollar falls most since Sept. 3 as AI concerns drive bond rally
  • The Bloomberg Dollar Spot Index declined 0.3% Thursday, its biggest drop since Sept. 3.
  • Artificial intelligence-related concerns fueled a bond rally that pushed yields lower and weighed on the dollar.
  • The greenback fell against nearly all of its major peers, including about 1% against the Swiss franc.
  • The move erased gains the dollar had built on hotter-than-expected inflation data.