The dollar steadied in a holiday-thinned Asia session on Tuesday, though it struggled to lift far from five-week lows as traders reckoned banking stress would keep the Federal Reserve from hiking rates much further, or at all, later in the week. The greenback ticked about 0.1% higher to $1.0712 per euro and advanced a bit further on the Australian and New Zealand dollars.
Sri Lanka dollar bonds soared on Tuesday, a day after the International Monetary Fund said its executive board approved a nearly $3 billion bailout for Sri Lanka.
The dollar fell and sterling steadied on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from hiking rates much further, or at all, later in the week. Investors' focus has moved to a slew of central bank meetings due this week after days of volatility in markets caused by worries over the stability of the global banking sector.
The dollar regained some ground on Tuesday but was pinned near a five-week low as traders tiptoed back into riskier assets after UBS' state-backed takeover of Credit Suisse allayed some fears of a widespread, systemic banking crisis.
* Canadian dollar strengthens 0.5% against the greenback. * Touches its strongest since March 14 at 1.3653. * Canadian bond yields rise across curve. By Fergal Smith.
Brazil and Mexico led gains among
Latin American currencies on Monday against a weakening dollar
as hopes grew that the U.S. Federal Reserve could pause its
interest rate hikes in light of stresses ...
* Canadian dollar strengthens 0.5% against the greenback. * Loonie trades in a range of 1.3653 to 1.3747. * Canadian bond yields edge higher across curve. By Fergal Smith. The Canadian dollar strengthened against its U.S. counterpart on Monday as investors weighed the possibility that the Federal Reserve could leave interest rates on hold this week in the face of banking sector stress.
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