The US Dollar Index fell 0.14% last week, while the British pound rose 0.37% against the US dollar.

on November 2, according to Seeking Alpha, the US dollar index fell 0.14% last week, dropped 0.24% intraday at the time of reporting to 101.63, while remaining up over 3.47% year-to-date.

From October 26 to November 1, the pound, yuan and Swiss franc rose 0.37%, 0.27% and 0.36% against the US dollar, respectively, while the Australian dollar fell 0.12% against the US dollar. During the same period, the yield on the US 10-year Treasury note dropped 3 basis points to 4.94%, and the 2-year yield fell 10 basis points to 4.61%.

The report indicated that disappointing earnings from major tech companies and market concerns over the sustainability of the AI rally triggered risk-off sentiment; US Q3 annualized economic growth reached 3.4%, supported by consumer spending and AI-related investments.