Dollar finds footing as banking crisis fears calm downThe dollar found support in Asia on Wednesday as investors dialled back expectations of U.S. rate cuts as fear of a banking crisis ebbed and another stubbornly high inflation print landed
In early trade, the dollar selling of the past two sessions had abated and the greenback rose about 0.2% on both the euro and yen. That carried it to 132.52 yen and $1.0729 against the common currency.
Overnight, banking stocks bounced and bonds and interest rate futures gave back some of the huge gains they logged following the collapse of three U.S. banks in a matter of days