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USD Strength Driven by AI Sector Momentum Across Multiple Pairs

investing.com Sentiment: Very Positive
The US Dollar has gained broadly against major and emerging market currencies, with USD/JPY advancing 0.5% to 149.80 and EUR/USD declining 0.3% to 1.0520, as artificial intelligence sector developments boost US equity markets and dollar demand. The technology-driven rally in US stocks has strengthened risk sentiment, particularly benefiting the greenback against safe-haven currencies. USD/TRY surged 1.2% to new highs near 34.50, while USD/EGP remained stable at 48.65 amid controlled float conditions. The AI boom's impact on US economic growth expectations has reinforced Federal Reserve hawkish positioning, with markets pricing in sustained higher rates. Technical indicators show USD/JPY targeting 150.50 resistance, while EUR/USD approaches critical support at 1.0500. Traders should monitor upcoming US tech earnings and Fed communications for continuation signals in dollar strength.

Related Symbols:

EURUSD USDJPY USDTRY USDEGP

News data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.

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