SINGAPORELONDON, March 27 Reuters The dollar was steady on Monday, while the yen hovered near its sevenweek peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system.

The dollar index , which measures the currency against six rivals, rose 0.06 at 103.05, having gained 0.5 on Friday amid banking jitters, with shares of Deutsche Bank sliding nearly 9. Shares in Deutsche Bank were up 4 in early trade on Monday.

Global banking stocks have been battered through the month following the sudden collapse of two U.S. lenders and the rescue of embattled bank Credit Suisse last week, with authorities stepping in to ease investors nerves.

On Monday, the Federal Deposit Insurance Corporation said First Citizens BancShares Inc would acquire all of Silicon Valley Bank39;s deposits and loans from the regulator.

The U.S. Financial Stability Oversight Council said on Friday the U.S. banking system was sound and resilient despite stress on some institutions. Investors, though, remain wary.

Riskaverse investors sent the yen to a sevenweek high of 129.65 per dollar on Friday and the currency was on track to clock a near 4 gain in March. It was last at 131.03 on Monday.

Traders are being careful, not knowing if there will be any new negative news from the European financial sector or from the U.S., said Niels Christensen, chief analyst at Nordea.

They got a big scare in the last fortnight but if the stress disappears slowly,…