The dollar fell, risk appetite rose.

As risk appetite rebounded, prompting investors to withdraw from safe-haven assets, the US dollar edged slightly lower against a basket of currencies. The purchase of AI chips from Advanced Micro Devices by social media giant Meta Platforms helped lift the US stock market overnight. AI lab Anthropic announced the release of tools that can be used in conjunction with existing software rather than as replacements, and improved consumer confidence data also boosted market sentiment. US President Trump delivered a lengthy State of the Union address, but did not make any new announcements. The DXY US dollar index fell by 0.2% to 97.692.