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via finance.yahoo.comMarkets

Sterling slips as risk-off sell-off weighs on currencies; dollar not the preferred haven

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Sterling traded lower on Friday while the euro also fell, as a global equity sell-off driven by higher oil prices and AI-related concerns hit risk appetite and left the dollar far from the preferred safe haven. Still guessing which stocks will beat the market?…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRisk aversion and rotation into yen and franc favour havens and weigh on sterling and the euro.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sterling fell 0.10% against the dollar to $1.3375, while the euro dropped 0.21% to $1.1193.
  2. 02The yen and Swiss franc are benefiting from the defensive rotation.
  3. 03According to ING, the dollar is far from the preferred safe haven at this stage.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1195-0.05%today -0.24%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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