The forex market's main safety plays are in demand. The Japanese yen is gaining 0.8%, pushing the USD/JPY cross back below the 155 mark, while the Swiss franc is 0.5% stronger with USD/CHF at 0.9018.

In international markets, chipmaking and electrification companies saw pressure on the fears over the DeepSeek AI service.

DeepSeek R1 is a large-language model that is seen as rival to ChatGPT and Meta while using a fraction of their budgets.

China's DeepSeek is roiling AI stocks as Wall Street mulls demand for Nvidia chips and huge capital spending by tech industry ...