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AI trade unravels again, dollar soft after PCE data, oil resumes slide

Published 1 month, 4 weeks ago
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Apple price hike triggers renewed AI jitters; chip stocks lead slump. Oil falls back following gains from Iranian strike on Hormuz vessel. Fed rate hike bets scaled back after PCE inflation data and Fedspeak. US dollar retreats further, gold stabilizes around $4,000.

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