The dollar was steady on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system.
The U.S. Financial Stability Oversight Council said on Friday thewas "sound and resilient" despite stress on some institutions. Investors, though, remain wary.
The Fed on Wednesday raised interest rates by 25 basis points, as expected, but took a cautious stance on the outlook because of banking sector turmoil even as Fed Chair Jerome Powell kept the door open on further rate rises if necessary. "Contrary to the clear signal from Powell, the Fed funds futures are pricing in dramatic easing in the coming months," Chandler said. "This is extremely aggressive and stretches the imagination."
France Dernières Nouvelles, France Actualités
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