The Russian rouble weakened on Wednesday, trading at 77 against the dollar ahead of two government debt auctions, as higher oil prices offset the negative impact of exporters completing month-end tax payments. At 0723 GMT, the rouble was 0.2% weaker against the dollar at 77.08 and had lost 0.3% to trade at 83.44 versus the euro.
The safe-haven U.S. dollar struggled to find its footing on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted. The dollar index, which tracks the currency against six major peers, edged 0.08% higher to 102.57 in Asian trading, following drops of about 0.3% in each of the past two sessions.
The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The dollar index, which measures the currency against six rivals, was 0.18% higher on the day at 102.67, pulling away from the near seven-week low of 101.91 touched late last week.
The safe-haven U.S. dollar remained on the back foot on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted. The dollar index, which tracks the currency against six major peers, was flat in early Asian trading, following drops of about 0.3% in each of the past two sessions.
Latin American currencies and
stocks rose on Tuesday as the dollar weakened as easing concerns
around a banking turmoil steered investors back to riskier
assets.
* Canadian dollar strengthens 0.4% against greenback. * Touches strongest level since March 7 at 1.3602. * Price of U.S. oil settles 0.5% higher. * Canadian bond yields rise across flatter curve. By Fergal Smith.
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.
Latin American currencies rose as
the dollar weakened on Tuesday after fears of an imminent
banking crisis ebbed, while Hungary's forint jumped as its
central bank held rates steady and said a ...
By Saqib Iqbal Ahmed. 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.
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