Financial news center

Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls

The dollar maintained its ground against key currencies as traders flocked to safe havens following a volatile market downturn. Concerns mounted over a potential Democratic majority in Congress, raising alarms about stricter regulations on the artificial intelligence sector. Meanwhile, the yield on 10-year Treasury bonds declined, signaling shifts in Federal Reserve interest rate outlooks. The euro remained stable against the dollar, with the yen and Swiss franc making gains.