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  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

A basket of AI-linked assets hits 0.97 correlation with the dollar index

FinanceInternationalEl Ecosistema Startup40 s readAI summary
Image: El Ecosistema Startup

A basket of assets linked to artificial intelligence reached a 0.88 correlation with the yield on the ten-year US Treasury bond and 0.97 with the dollar index over five sessions, while its relationship with Brent crude fell to nearly zero. Analyst David Scutt of Forex.com argues that sentiment on AI is now the main macroeconomic driver. On Thursday the Nasdaq 100 fell 2.90% and two- and ten-year yields dropped 17.49 and 18.69 basis points.

In 40 seconds

  • The AI asset basket showed a 0.88 correlation with the ten-year bond and 0.97 with the dollar index over five sessions
  • The Nasdaq 100 fell 2.90% to 28,958.69 points and two- and ten-year yields dropped 17.49 and 18.69 basis points
  • Expectations of Fed tightening through 2027 fell from more than 100 basis points to about 61
Read the full story at El Ecosistema Startup

IASummary generated by artificial intelligence from a story by El Ecosistema Startup. It may contain errors: the original source prevails.

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