SINGAPORE, April 25 Reuters The dollar rose on Tuesday as worries about earnings and the outlook for the global economy deepened, which knocked the euro back from close to a 10month high.

The U.S. dollar index was last up around 0.2 at 101.37, having dropped over 3.3 since the beginning of March.

News on Monday of plunging deposits at First Republic Bank served as a reminder that stability risks have not entirely died down, while UBS reported a 52 slide in quarterly income.

Central banks around the world, however, are to cut the frequency of their dollar liquidity operations with the U.S. Federal Reserve from May, another sign that March39;s financial market volatility is essentially over.

Still, safe haven currencies such as Japan39;s yen firmed, even as the Bank of Japan39;s BOJ new governor Kazuo Ueda signalled he was not in a hurry to shift policy. This week39;s BOJ meeting, which concludes on Friday, is his first in charge.

You need to respect the guidance that Ueda is giving, that we won39;t see any changes on Friday. But I think tightening will come from the BOJ, maybe in June or July, because inflation is well above target, said Jens Nærvig Pedersen, director, FX and rates strategy, at Danske Bank.

I see a prospect for a stronger yen on the back of monetary tightening in Japan but also because we39;re reaching the end of the tightening cycle in the U.S., he added.

The yen rose 0.3 to 133.855 per dollar and was up 0.4 to 147.67 per euro , having earlier…

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