Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since mid-December, after a meltdown in U.S. banking stocks ignited a wave of investor risk aversion.
Three-month euro/dollar cross currency basis swap spreads traded as negatively as -17 basis points , the most since December 14, reflecting a pickup in demand for hard cash.
They were last trading at -14.was heading for its biggest one-day fall since last June, as shares in the region's biggest lenders dropped in sympathy with a steep decline in the value of Wall Street's biggest lenders on Thursday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin clings to $22K as US dollar strength rises to December levels — What's next?Bitcoin feels pressure from macroeconomic data and the dollar as BTC price falls to three-week lows.
Read more »
FBI continues search for Michigan woman missing since DecemberThe FBI is searching for Heather Mae Kelley who went missing last December. She told family she was going to meet someone in Kalamazoo and hasn't been seen since.
Read more »
Jobless claims rise sharply to highest level since DecemberApplications for U.S. unemployment benefits last week climbed to the highest level since late December, pointing to some softness in the labor market.
Read more »
Pa. woman missing since December found dead: reportsSherri Keefer’s body was found Sunday on the riverbank of Ohio River Boulevard in Bellevue.
Read more »
USD Index: Consolidation ahead of Friday’s NFP – INGThe Dollar is consolidating near recent highs. Economists at ING expect a quiet session ahead of tomorrow's February US jobs release. DXY could push u
Read more »
U.S. stock futures dip as attention turns to Friday's jobs reportWall St. to open in the red as concerns that higher interest rates to combat inflation will cause an economic contraction continued to damp risk appetite.
Read more »