The dollar fell for the second day in a row once morest major currencies today, Tuesday, as easing fears of a comprehensive banking crisis led to a decline in demand for safe-haven assets.
The yen, although traditionally a safe-haven currency, rose strongly, recouping overnight losses, and analysts point to inflows linked to the country’s fiscal year ending on Friday.
The Australian and New Zealand dollars also jumped, as the Australian dollar got additional support from better-than-expected real estate sales data.
The dollar index, which measures the performance of the US currency once morest six major currencies, including the yen, fell 0.16 percent to 102.59 during Asian trading, extending its losses of 0.35 percent on Monday.
The US currency plunged to 130.505 yen during the session and was last traded 0.71 percent lower at 130.64, giving up its 0.64 percent gains in the previous session.
The euro rose 0.1% to $1.0809, while the pound rose 0.23% to $1.2315.
The Australian dollar rose 0.53% to $0.6686, and the New Zealand dollar rose 0.49% to $0.62265.
