SINGAPORE, April 25 (Reuters) – The dollar rose on Tuesday as worries about earnings and the outlook for the global economy deepened, which knocked the euro back from close to a 10-month high.
The U.S. dollar index was last up around 0.2% at 101.37, having dropped over 3.3% since the beginning of March.
News on Monday of plunging deposits at First Republic Bank (FRC.N) served as a reminder that stability risks have not entirely died down, while UBS (UBSG.S) reported a 52% slide in quarterly income.
Central banks around the world, however, are to cut the frequency of their dollar liquidity operations with the U.S. Federal Reserve from May, another sign that March’s financial market volatility is essentially over.
Still, safe haven currencies – such as Japan’s yen – firmed, even as the Bank of Japan’s (BOJ) new governor Kazuo Ueda signalled he was not in a hurry to shift policy. This week’s BOJ meeting, which…