The U.S. dollar hovered near a two-week high on Friday, putting it on track for its strongest weekly performance since November, as investors moved toward safe-haven assets amid a selloff in technology stocks and growing concerns over artificial intelligence spending.
The dollar index climbed to 97.961, up nearly 1% for the week, reflecting increased risk aversion across global markets.
The Japanese yen strengthened ahead of upcoming national elections, while the euro remained largely unchanged at $1.1784. The British pound weakened, slipping to $1.3520.
In cryptocurrency markets, Bitcoin rose 1.5% to $64,158, rebounding modestly despite being on course for its largest weekly decline since November 2022, underscoring ongoing volatility in digital assets amid broader market uncertainty.
