As reported by Bpaynews, the US dollar weakened and Treasury yields fell as traders increased bets on a Federal Reserve rate cut in December. The AI hardware sector saw significant movement after reports that Google and Meta may shift major workloads to custom Tensor Processing Units, affecting companies like Nvidia and AMD. Fed officials' recent comments were interpreted as more dovish, pushing the probability of a December rate cut to around 80%. Alphabet and Broadcom shares rose, while Nvidia and AMD declined. Bitcoin also fell to $87,372 amid waning risk momentum in digital assets.
USD Weakens as Fed Rate Cut Bets Rise, AI Chip Stocks Shift
BpaynewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.