U.S. Dollar Extends Decline As Bank Crisis Eases
2023年3月28日 - 10:53AM
The U.S. dollar extended its early decline against other major
currencies in the Asian session on Tuesday, as fears of a global
banking crisis once again eased following the latest developments
in the sector and after three regional U.S. Fed bank presidents
said the U.S. banking system was not facing a liquidity crisis.
News that First Citizens BancShares Inc. will buy all deposits
and loans of Silicon Valley Bridge Bank, and the U.S. Financial
Stability Oversight Council's remarks that the U.S. banking system
was "sound and resilient" despite stress on some institutions,
lifted sentiment in global markets.
Oil prices jumped nearly 5 percent overnight, to record their
biggest gains in months amid Russia's threat to station nuclear
weapons in Belarus and the shutdown of the Iraq-Turkey pipeline at
the request of the Turkish government.
The Fed's dovish commentary, the mild 25-basis points rate hike
as well as hints that rate hikes were nearing an end, resulted in
the Dollar weakening against major currencies over the course of
the past week.
The U.S. dollar started declining from the New York session on
In the Asian session, the U.S. dollar fell to a 4-day low of
1.0819 against the euro, from yesterday's closing value of 1.0797.
On the downside, the greenback is likely to find its support around
the 1.10 level.
Against the pound and the Swiss franc, the greenback dropped to
5-day lows of 1.2320 and 0.9137 from yesterday's closing quotes of
1.2286 and 0.9154, respectively. If the greenback extends its
downtrend, it is likely to find support around 1.24 against the
pound and 0.90 against the franc.
The U.S. dollar edged down to 130.56 against the yen, from
yesterday's closing value of 131.53. The greenback is likely to
find support around the 128.00 area.
Against the Australia and New Zealand dollars, the greenback
slipped to 4-day lows of 0.6693 and 0.6234 from yesterday's closing
quotes of 0.6649 and 0.6196, respectively. The next support level
for the greenback is seen around 0.68 against the aussie and 0.64
against the kiwi.
The greenback depreciated to a 5-day low of 1.3634 against the
Canadian dollar, from yesterday's closing value of 1.3660. The
USD/CAD pair may find its support level around the 1.34 area.
Looking ahead, ECB Board member Andrea Enria is scheduled to
speak on "How is the European Banking Supervision process
changing?" at 22nd Handelsblatt Annual Conference on Banking
Supervision in Frankfurt, Germany at 4:35 am ET.
At 4:45 am ET, Andrew Bailey, Governor of the Bank of England,
alongwith other officials is set to participate in a Treasury
Select Committee hearing on Silicon Valley Bank, in London,
In the New York session, U.S. goods trade balance for February,
consumer confidence for March, U.S. S&P/Case-Shiller home price
for January, U.S. Dallas Fed services index for March and U.S.
Richmond Fed manufacturing index for Marchare due.
At 10:00 am ET, U.S. Federal Reserve Vice Chair for Supervision
Michael Barr is scheduled to testify on "Bank Supervision" before
the House Financial Services Committee, at Washington DC, U.S.
US Dollar vs Yen (FX:USDJPY)
から 5 2023 まで 6 2023
US Dollar vs Yen (FX:USDJPY)
から 6 2022 まで 6 2023