Stability of USD amid continuing concerns about the banking crisis

The dollar witnessed stability on Monday, while the yen hovered near its highest level in seven weeks, at a time when investors are assessing the measures taken by the authorities and regulators to calm concerns about the global banking system.

The dollar index, which measures the performance of the US currency against six major currencies, rose 0.078 percent to 103.07, after rising 0.5 percent on Friday, amid banking tensions that led to a decline in Deutsche Bank shares of nearly nine percent.

The euro rose 0.05% to $1.0764, after falling 0.6% on Friday. The British pound reached $1.2235, up 0.05 percent on the day, after falling 0.5 percent on Friday.

The Australian dollar rose 0.09% to $0.665.

In terms of cryptocurrencies, Bitcoin’s latest rise was 0.84 percent, to $27,861.02. The last rise of Ethereum was 0.71 percent to $ 1,763.39.