The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets.
The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese corporations into the end of the country's fiscal year on Friday.The U.S. dollar index - which gauges the currency against six peers, including the yen - declined 0.14% to 102.6 during Asian trading, extending Monday's 0.35% drop.
"The time of the year - the Japanese fiscal end - I think there are some flows from Japanese repatriating," said Bart Wakabayashi, branch manager at State Street in Tokyo. "There is a big cloud - I won't say dark cloud, but definitely a cloud - and I think people are at least positioning for what they need to do if this thing moves in the wrong direction," he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: Philadelphia water 'safe to drink' through Tuesday afternoon after chemical spillThe Philadelphia Water Department is confident that tap water from the Baxter Drinking Water Treatment Plant will remain safe to drink and use at least through 3:30 p.m. Tuesday, March 28 following a chemical spill in Bucks County.
Read more »
Philly water is safe to drink until at least Tuesday afternoon after chemical spill, officials sayNo contaminants from the spill in Bristol Township have been detected in water from the Delaware River. The Philadelphia Water Department said it is continuing to track the spill closely, and it would keep regularly testing water in its system. 🔗:
Read more »
Philadelphia Water Remains Safe Through Tuesday Afternoon, Officials SayBREAKING UPDATE: Tap water in Philadelphia remains safe to drink and use through 3:30 p.m. on Tuesday following a chemical spill in a tributary to the Delaware River, officials said:
Read more »
Philadelphia's water 'safe to drink' through Tuesday afternoon after chemical spillPhiladelphia residents can continue to use and drink the city's tap water until at least 3:30 p.m. local time Tuesday following a chemical spill in the Delaware River, according to officials.
Read more »
USD/JPY climbs to fresh daily high, around mid-131.00s amid receding safe-haven demandUSD/JPY climbs to fresh daily high, around mid-131.00s amid receding safe-haven demand – by hareshmenghani USDJPY RiskAppetite Bonds Fed Currencies
Read more »