The U.S. dollar was on the front foot on Thursday as receding concerns over the banking sector helped improve risk sentiment, with investors switching their attention to the Federal Reserve's battle against inflation.
The dollar index , which measures the currency against six major peers, rose 0.097% at 102.73, after gaining 0.19% overnight. The index though was on course to clock a 2% decline for March due to market tumult induced by problems in the banking industry.
Banking stocks were battered in the past few weeks in the wake of the sudden collapse of two U.S. lenders and the rescue of Credit Suisse Markets are pricing in a 60% chance of the Fed standing pat on interest rates, according to CME FedWatch tool.
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