03/April/2023 Safe-haven dollar slides as bank fears ease; yen surges.



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.

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