{"id":23382,"date":"2026-02-06T07:33:54","date_gmt":"2026-02-06T05:33:54","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/dollar-hovers-near-two-week-high-yen-firms-ahead-of-polls\/"},"modified":"2026-02-27T16:34:11","modified_gmt":"2026-02-27T14:34:11","slug":"dollar-hovers-near-two-week-high-yen-firms-ahead-of-polls","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/dollar-hovers-near-two-week-high-yen-firms-ahead-of-polls\/","title":{"rendered":"Dollar hovers near two-week high, Yen firms ahead of polls"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The United States (US) Dollar lingered near a two-week high on Friday as investors unwound risky bets following a deep rout in stocks driven by Artificial Intelligence (AI) spending concerns, while the Yen firmed ahead of a national election on Sunday.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The Dollar has strengthened since President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chairperson last week as markets expect him not to push a lot for rate cuts, easing some worries about central bank independence.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The sharp selloff in technology stocks this week comes as investors fret about the massive spending on AI as well as the cascading impact of fast-advancing AI tools that could upend various sectors.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Charu Chanana, Chief Investment Strategist at Saxo, said investors are suddenly pricing three shocks at once.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">&#8220;Big Tech capex scrutiny, AI disruption risk in software beyond productivity hype, and a silver driven liquidity, margin flush. This looks like a positioning flush where the same crowded exposures are being de-risked across assets.&#8221;<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The risk aversion has helped the dollar despite US Treasury yields sliding after economic data pointed to a weaker than expected jobs market ahead of next week&#8217;s highly anticipated payrolls report for January.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":14370,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-23382","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"US Dollar lingered near a two-week high on Friday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23382\/revisions"}],"predecessor-version":[{"id":26365,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23382\/revisions\/26365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14370"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23382"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}