Apollo: The US dollar faces significant downside risk amid the AI correction
ChainCatcher news, according to Golden Ten Data, Apollo Global Management Chief Economist Torsten Slok stated that if the sell-off in AI concept stocks intensifies further, the recent rally of the US dollar could be at risk. He pointed out that international investors have been actively positioning in AI-themed investments, driving a record rolling net foreign capital inflow into the US stock market over the past 12 months. However, most of these investors have not hedged their foreign exchange risk.
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