The dollar index fell 0.2% to 109.46 after rising as high as 110.27 on Monday. The yen, which has tumbled as U.S. rate hikes gather pace and widen the gap on anchored Japanese interest rates, last traded at 140.30 per dollar, not far from a 24-year trough of 140.80 hit last week.
Jensen Huang’s Nvidia exit raises fears over the future of AI financing
Nvidia CEO Jensen Huang’s reported departure rattled global markets, triggering concerns over the chipmaker’s leadership, AI investments and data-centre financing strategy. Nvidia shares tumbled, while