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Dollar continues to see-saw on banking sector turmoil

The US dollar had spent much of the week on the back foot amid a growing belief that banking sector issues might prove a largely US-specific problem. But that narrative, and price action, has (again) been turned on its head today as European banks have come under renewed pressure. As things stand, today’s rally in the dollar leaves it on track to end the week only slightly weaker against most major currencies.

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