Currency markets react to banking instability fears
The U.S. dollar retreated slightly as fears of full-scale banking instability dampened demand for the so-called on-protected shelter assets. The yen advanced, despite also being traditionally a haven, with analysts pointing to higher flows ahead of the end of Japan’s fiscal year. The dollar retreated to 130.52 yen and was last down 0.38% at 102.49 …
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