Dollar Steady as Banking Worries Keep Investors on Edge

Dollar Steady as Banking Worries Keep Investors on Edge
U.S. dollar banknotes are displayed in this illustration taken, on Feb. 14, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

SINGAPORE/LONDON—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 dollar index, which measures the currency against six rivals, rose 0.06 percent at 103.05, having gained 0.5 percent on Friday amid banking jitters, with shares of Deutsche Bank sliding nearly 9 percent. Shares in Deutsche Bank were up 4 percent in early trade on Monday.