# Dollar climbs on safe haven demand as AI rout saps Asian markets

- URL: https://talkfuse.com/story/dollar-climbs-on-safe-haven-demand-as-ai-rout-saps-asian-markets/
- Published: 2026-11-06T10:27:46+00:00
- Updated: 2026-11-06T11:50:00+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/dollar-climbs-safe-haven-demand-ai-rout-saps-asian-markets-6529621
- Topics: AI, Asia, Business, Markets, Technology, World

## Key points

- AI share losses fuelled demand for the US dollar and Treasuries.
- The dollar rose against most major currencies.
- Markets awaited US payrolls data and reassessed December rate expectations.

## Summary

The US dollar rose against most major currencies on Friday as a global selloff in AI-related stocks drove investors towards cash and US government bonds. The shift matters because the dollar gained as a haven even though it had weakened during an earlier technology-share downturn, while markets also awaited US jobs data for clues about interest rates.

The euro fell 0.4 per cent to $1.1171 and sterling dropped nearly 0.5 per cent to $1.338; the dollar rose 0.4 per cent against the yen and 0.2 per cent against the Swiss franc. US Treasury yields had fallen overnight, while the Australian and New Zealand dollars, seen as more exposed to global growth, lost 0.76 and 0.8 per cent respectively. Weekly US jobless claims were 189,000, and futures put the chance of a December quarter-point rate rise at about 65 per cent, down from more than 80 per cent on Wednesday.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.