{
  "id": 18430327,
  "title": "Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls",
  "url": "https://urgent.news/2026/11/06/dollar-holds-yen-gains-as-equity-rout-saps-risk-appetite-ahead-of-18430327",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T02:44:45.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447715/dollar-holds-yen-gains-as-equity-rout-saps-risk-appetite-ahead-of-payrolls"
  },
  "original_language": "en",
  "account": "The dollar remained stable against major currencies on Friday, following a substantial sell-off in US equities that attracted investors to safe havens like the yen and pushed Treasury yields lower ahead of a key government payrolls report. The shift towards risk-averse assets was sparked by a Democratic victory in Congress, which had a negative impact on US stocks on Thursday. The Nasdaq experienced its largest one-day decline since April 2025, causing widespread concern over the artificial intelligence industry and data center construction. This prompted investors to seek refuge in bonds and safe-haven currencies. The yen gained 0.2% to a one-week high of 157.40 US dollars, briefly reversing some of its gains. The Swiss franc also strengthened against the US dollar by 0.2%. The dollar index, which tracks the greenback's performance against six peers, remained nearly unchanged at 101.55. Analysts from OCBC noted that the adverse effects of the AI sell-off were causing conflicting forces for the dollar, with falling US yields weakening its safe-haven appeal and the yen emerging as the leading hedge against potential US-centric volatility. The flight to safety also drove the 10-year Treasury yield down to 4.84%, near its lowest level since September 10, while the two-year yield declined by approximately 10 basis points to 4.47%. This shift in bond markets was also influenced by revised expectations regarding Federal Reserve interest rate hikes, with fed funds futures reducing the likelihood of a 25-basis-point increase in December to around 70% from over 80% the previous day. The euro remained flat against the dollar at $1.1222 but was expected to rise by 0.5% over the week, ending a two-week losing streak. The upcoming focus will be the US non-farm payrolls report, which investors will use to assess the Federal Reserve's rate policy. Recent data showed a positive outlook, with weekly initial jobless claims falling to 189,000, matching a 57-year low and below the 196,000 estimate from a Reuters poll of economists. Analysts from MUFG expect this labour market improvement to persist, anticipating that the non-farm payrolls data will remain within a downward rate channel. They recommend buying dips in the market if the non-farm payrolls report is stronger than expected. Meanwhile, the British pound gained 0.1% to $1.3457, following the Bank of England's expected interest rate hike.",
  "summary": "SHANGHAI/SINGAPORE: The dollar held steady against major currencies on Friday , after a sharp selloff in US equities drove investors toward haven assets such as the yen and pushed Treasury yields lower ahead of a closely watched government payrolls report. The trigger for the retreat from risk was a Democratic sweep in Congress that hammered US stocks on Thursday, with the Nasdaq recording its…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Japanese Yen gives back gains as US Dollar recovers from election shock",
        "url": "https://urgent.news/2026/11/05/japanese-yen-gives-back-gains-as-us-dollar-recovers-from-election",
        "published": "2026-11-05T11:58:36.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls",
        "url": "https://urgent.news/2026/11/06/dollar-holds-yen-gains-as-equity-rout-saps-risk-appetite-ahead-of-18419710",
        "published": "2026-11-06T01:26:20.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls",
        "url": "https://urgent.news/2026/11/06/dollar-holds-yen-gains-as-equity-rout-saps-risk-appetite-ahead-of",
        "published": "2026-11-06T01:30:37.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls",
        "url": "https://urgent.news/2026/11/06/dollar-holds-yen-gains-as-equity-rout-saps-risk-appetite-ahead-of-18419773",
        "published": "2026-11-06T01:51:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}