He dollar and euro stabilize this Thursday, April 20, after the good US banking results reinforce expectations that the Federal Reserve and European Central Bank continue to raise interest rates.
Morgan Stanley announced on Wednesday some First Quarter Earnings That Beat Expectationsadding to the good results of the main US lenders and calming fears of a crisis growing after the failure of Silicon Valley Bank and Signature Bank and the emergency takeover of Credit Suisse by rival UBS.
He dollar indexwhich compares the greenback with a basket of six leading currencies, falls 0.2%, to 101,495 units, after falling on Friday to its lowest level since early February.
He euro rises 0.2% to $1.0971 close to the maximum of one year reached last week against the dollar.
“Bank results continue to show that the funding situation of US banks is stabilizing,” said Sim Moh Siong, of the Bank of Singapore. This has steered bets away from interest rate cuts, he added.
Lto pound sterling It is up 0.1% at $1.2448, not far from the 10-month high hit on Friday at $1.2545.
He and in it stabilized at 134.64 units, after trading on Wednesday above 135 per dollar for the first time in a month.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
