The dollar held near recent peaks ahead of an expected U.S. interest rate cut, with traders raising long-term rate assumptions. The euro and yen weakened, while the gap between U.S. and German ten-year yields widened. Strong U.S. economic data suggests this week’s cut may be the last for a while.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created