The U.S. dollar was firm, particularly against the safe-haven Japanese yen as investors wound back some of the positions built up in the last couple of weeks.As the dust settles on a wild and volatile ride after Silicon Valley Bank’s collapse unleashed fears of a broader banking crisis, the winners appear to be bonds and large tech companies that tend to benefit when interest rates fall.
The rates-sensitive Nasdaq is up nearly 14 percent this year and heading for its best quarter in more than two years. “ in periods of true fear, investors run to the U.S. dollar; in March, the euro strengthened against the U.S. dollar. And there are no signs of funding pressures in U.S. money markets or cross-currency swaps,” they said.
“The swift announcement of business restructuring yesterday effectively served as the ultimate stamp of reassurance that regulatory tightening has ended.”
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Source: inquirerdotnet - 🏆 3. / 86 Read more »