Safe-haven dollar slides as bank fears ease; yen surges
The yen, despite traditionally also being a safe haven, rebounded strongly from overnight losses, with analysts pointing to flows related to the end of the country's fiscal year on Friday.
The greenback plunged as low as 130.505 yen at one point, and was last off 0.71% at 130.64, undoing the previous session's 0.64% jump, when it tracked a 15-basis point surge in long-term Treasury yields , the biggest in six months. The 10-year yield was little changed in Tokyo trading on Tuesday at around 3.51%.
"If that's it, it's pretty much a one-off, and then we'll get back to basics, which is essentially following yields." "There is a big cloud - I won't say dark cloud, but definitely a cloud - and I think people are at least positioning for what they need to do if this thing moves in the wrong direction," he said.
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LIVE: Philadelphia water 'safe to drink' through Tuesday afternoon after chemical spillThe Philadelphia Water Department is confident that tap water from the Baxter Drinking Water Treatment Plant will remain safe to drink and use at least through 3:30 p.m. Tuesday, March 28 following a chemical spill in Bucks County.
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Philly water is safe to drink until at least Tuesday afternoon after chemical spill, officials sayNo contaminants from the spill in Bristol Township have been detected in water from the Delaware River. The Philadelphia Water Department said it is continuing to track the spill closely, and it would keep regularly testing water in its system. 🔗:
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Philadelphia Water Remains Safe Through Tuesday Afternoon, Officials SayBREAKING UPDATE: Tap water in Philadelphia remains safe to drink and use through 3:30 p.m. on Tuesday following a chemical spill in a tributary to the Delaware River, officials said:
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Philadelphia's water 'safe to drink' through Tuesday afternoon after chemical spillPhiladelphia residents can continue to use and drink the city's tap water until at least 3:30 p.m. local time Tuesday following a chemical spill in the Delaware River, according to officials.
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Philly's drinking water safe till 3:30pm TuesdayOfficials urged residents to have bottled water on hand in the event the situation changes.
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Safe-haven dollar slides as bank fears ease; yen surgesThe U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets.
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