AI anxiety erodes dollar’s bullish momentum, Convera says
TLT•Convera’s October 24 market analysis said AI anxiety weighed on technology stocks, increased Treasury demand and weakened dollar momentum. Brent crude reached $114 a barrel, while markets increasingly expected a Federal Reserve pause next week but remained more convinced of a December rate hike.
1. Markets and currencies
Convera’s October 24, 2026, market analysis flagged AI anxiety as a drag on technology stocks, fueling Treasury demand and weakening dollar momentum. Markets increasingly expected a Federal Reserve pause the following week, though investors remained more convinced of another rate hike in December. Brent crude reached $114 a barrel amid escalating Middle East tensions, adding inflation pressure and worsening France’s fiscal challenges. Safe-haven demand favored the Swiss franc and yen; EUR/CHF fell to a three-month low, down 3% month to date.
