USD/IDR trades lower at 18,110 as the US Dollar loses momentum, pressured by waning safe-haven demand and growing doubts over the durability of the current AI-driven market trade.
The USD/IDR pair is experiencing downward pressure, trading near 18,110, as the US Dollar faces broad weakness. This decline is primarily driven by growing market skepticism regarding the long-term sustainability of the AI-led rally, which has historically bolstered the greenback as a safe-haven asset.
The pair is trading around 18,110 during Asian hours.
The USD is struggling due to increased skepticism about the sustainability of the AI trade, which reduces its appeal as a safe-haven currency.
The USD/IDR pair retreated to 18,110 during Friday's Asian trading session, snapping a two-day winning streak. The decline follows a broader softening of the US Dollar as market participants grow increasingly skeptical regarding the long-term sustainability of the artificial intelligence investment rally.
The pair is trading lower at 18,110 due to a broader weakening of the US Dollar, which is facing pressure from market doubts regarding the sustainability of the AI trade.