Analysis: Tech stock panic drags down risk appetite, dollar regains safe-haven buying support.
Nov 6, 20:22
November 6 - Alex Kuptsikevich, Chief Market Strategist at FxPro, stated that global risk appetite has declined due to concerns over tech stocks, and the US dollar has found support and rebounded. Investors are worried about the future of artificial intelligence technology, leading them to sell stocks and buy safe-haven assets. Previously, investors mainly shifted funds to safe-haven assets such as US Treasuries, gold, the Japanese yen, and the Swiss franc, but now the US dollar is also gaining favor.