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The dollar fell the most in more than a month, erasing gains fueled by hotter-than-expected inflation data.
US equity futures rebound from two days of losses as OpenAI is reportedly expecting to reach or exceed $70 billion in annualized revenue by year-end, easing concerns that sales were falling short of earlier estimates. The dollar rally continues as soaring oil prices weigh on currencies of energy importing nations and global inflation fears persist. Sitara Sundar of JPMorgan Private Bank joins "Bloomberg Brief" to discuss the volatility surrounding AI and geopolitics. (Source: Bloomberg)
Oil prices have been choppy as the flow of oil through the Strait of Hormuz has returned to nearly 80% of pre-war levels. Bloomberg Oil Analyst Julian Lee reports. (Source: Bloomberg)