The U.S. dollar fell slightly on Tuesday as receding fears of a full-blown banking crisis slowed demand for so-called safe haven assets. The yen rallied, despite traditionally also being a safe haven, with analysts pointing to a pick-up in flows ahead of the end of Japan's fiscal year on Friday. The dollar fell as low as 130.51 yen, and was last off 0.41% at 130.98 as the Japanese currency rose.
The U.S. dollar fell on Tuesday as receding fears of a full-blown banking crisis slowed demand for so-called safe haven assets. But the yen rallied, despite traditionally also being a safe haven, with analysts pointing to a pick-up in flows ahead of the end of Japan's fiscal year on Friday. The dollar fell as low as 130.51 yen, and was last off 0.29% at 131.2 as the Japanese currency rose.
The Russian rouble firmed against the dollar on Tuesday, supported by exporters converting foreign currency revenues to pay local taxes and oil prices staying near two-week highs.
The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets. The yen, despite traditionally also being a safe haven, rebounded strongly from overnight losses, with analysts pointing to flows related to the end of the country's fiscal year on Friday.
The Indian rupee was trading higher versus the U.S. currency on Tuesday, boosted by the carry return of running short dollar positions on account of the upcoming change in the fiscal year. The rupee was at 82.1825 to the dollar by 11.14 a.m. IST compared with 82.37 in the previous session. The carry return for running short dollar positions overnight was at 5.5/6.5 paisa, according to traders.
Global stocks rose and the dollar softened on Tuesday, as a deal backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.6% by early afternoon Hong Kong time.
China's yuan weakened on
Tuesday while holding to a narrow range, as investors waited on
the sidelines for further evidence that the country is on track
for a solid economic recovery after ...
The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors' appetite for riskier currencies.
The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets. The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese corporations into the end of the country's fiscal year on Friday.
* Canadian dollar strengthens 0.7% against the greenback. * Trades in a range of 1.3653 to 1.3745. * Price of U.S. oil settles 5.1% higher. * Canadian bond yields rise sharply across curve. By Fergal Smith.
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