The dollar retreated from two-week highs as risk assets rebounded, though it remained on track for a weekly gain. Concerns over AI spending drove global shares lower, while the yen weakened ahead of Japan’s national election. Traders await U.S. jobs data, with expectations for potential Fed rate cuts.
Nifty holds uptrend after volatile week but faces consolidation near highs
Nifty ended a volatile, event-driven week with gains, holding above key moving averages. The broader trend remains positive, but consolidation persists near resistance, suggesting selective,
February 7, 2026