The dollar rose against major currencies following a surge in crude oil futures, while yen buying for risk aversion also advanced. President Trump is expected to decide soon whether to resume the war with Iran.
The dollar rose against major currencies amid higher crude oil futures, while risk-averse yen buying was also seen following a global sell-off in technology stocks.
US President Trump plans to decide soon whether to resume the war with Iran and is considering 3 options: resuming air strikes, imposing economic sanctions, or reaching an agreement.
Investors pulled funds from technology stocks amid concerns over tighter AI regulation, and Asian stocks also fell sharply following the Nasdaq's steep decline the previous day.
The Nasdaq is rising in after-hours trading, while the Dow is down approximately $400 in after-hours trading.