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fxJun 24, 2026, 9:32 AM

US Dollar Strength Driven by AI Equity Weakness, OCBC Analysts Say

OCBC analysts Sim Moh Siong and Christopher Wong note that AI-related equity weakness has boosted safe-haven demand, supporting the US dollar and leading to year-end forecast revisions.

OCBC analysts Sim Moh Siong and Christopher Wong attribute recent US dollar strength to a surge in safe-haven demand triggered by weakness in AI-related equities. The analysts observe that this risk-off shift has provided support for the greenback, prompting upward revisions to year-end dollar forecasts.

The comments come amid a broader market reassessment of AI sector valuations, with equity pullbacks reinforcing traditional safe-haven flows. No specific numerical targets or revision magnitudes were mentioned in the note.

Source: FXStreet Forex News