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Traders flock to Treasury market for safety as tech-led stock selloff deepens
The recent selloff in tech stocks has prompted traders to seek refuge in the Treasury market, indicative of growing risk aversion among investors. With a staggering $8 trillion now sitting in U.S. money-market funds, this shift highlights a prevalent liquidity preference, as market participants brace for potential economic turbulence. The flight to safety also signifies concerns around equity market stability, making it vital for FX traders to monitor the increased demand for the U.S. dollar as a safe-haven asset.