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The release of information about DeepSeek, a low-cost AI startup from China, put pressure on the dominance of the US tech industry, causing the Nasdaq to fall 3.5%, the S&P 500 to drop 1.8%, and the Dow Jones to rise 0.4%. The US dollar weakened, with EUR/USD breaking above 1.0500 to reach a high of 1.05345, GBP/USD rising to 1.2523, and NZD/USD trading above 0.5700. USD/JPY fell below 154.00, reaching a low of 153.715, while USD/CAD dropped below 1.4350, touching a low of 1.4335.
Here are the latest mid-market rates:
Currency Pair | Mid-market Rate |
---|---|
NZD/USD | 0.5690 |
NZD/AUD | 0.9045 |
NZD/JPY | 87.94 |
NZD/CNY | 4.1230 |
NZD/EUR | 0.5450 |
NZD/GBP | 0.4553 |
NZD/HKD | 4.4302 |
NZD/SGD | 0.7647 |
Char of the day