during Thursday’s Asian session. In doing so, the greenback’s gauge versus the six major currencies fails to cheer the banking fears emanating from the First Republic Bank , as well as the US House of Representatives’ passage of the bill that puts forward a discussion on increasing the US debt ceiling to avoid a default.
On the other hand, escalating fears from the First Republic Bank should have also put a floor under the DXY, especially after the troubled bank’s shares dropped another 20% on Wednesday following a 50% slump the previous day.
While portraying the mood, the S&P 500 Futures print mild gains of 0.20% around 4,083 by the press time, following a mixed close of Wall Street.
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Source: FXStreetNews - 🏆 14. / 72 Read more »