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.
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.
* Canadian dollar strengthens 0.1% against greenback. * Touches strongest level since last Thursday at 1.3632. * Price of U.S. oil increases 0.1% * Canadian bond yields rise across curve.
Sterling hovered around a two-month high on Tuesday as the Bank of England said Britain was not experiencing stress linked to the demise of Silicon Valley Bank and Credit Suisse. BoE Governor Andrew Bailey told parliament's Treasury Committee in a hearing on SVB: "I don't think that any, and we've said this, that any of these features cause stress in the UK banking system."
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