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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 28/Jan 14:58

Safe-haven dollar gallops on DeepSeek concerns

The EURUSD major currency pair tumbled to near 1.0420 in Tuesday’s North American session as the US dollar strengthens amid a global sell-off in technology, power and data centre stocks, which has increased its safe-haven appeal. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, surged to near 108.00. Investors are dumping technology stocks as China’s DeepSeek low-cost artificial intelligence model has challenged the dominance of current AI players and their related entities around the world. Meanwhile, deepening uncertainty over President Trump’s universal tariff plan and the Federal Reserve’s monetary policy announcement on Wednesday has also strengthened

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