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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid the growing dominance of the technology sector in global markets, Torsten Slok of Apollo Global Management has warned that the US dollar's recent strength is precarious. Slok noted that an intensifying selloff in AI-related stocks poses a direct threat to the currency, as international investors have poured record capital into US equities without currency hedging. According to the report, a significant reversal in the AI market could trigger a rapid decline in the dollar as these unhedged positions are unwound.
These warnings come as tech giants like Nvidia and Microsoft face increased volatility, with Goldman Sachs analysts recently noting that market concentration in the AI sector has reached historical levels that raise sustainability concerns (per research reports). Regarding Apollo's market position, APO stock stood at 120.34 USD at close July 10, 2026, reflecting investor caution over how these structural shifts might impact major asset managers overseeing global liquidity flows.
Looking ahead, traders are focused on the release of the FOMC Minutes on July 8, 2026, which may provide further clues on monetary policy and its impact on the attractiveness of US assets. With APO shares hovering near a support level of 120.25 USD (the day low on July 10, 2026), upcoming Chinese inflation data on July 9, 2026, will also be critical for assessing global risk sentiment and its indirect pressure on the greenback.