NEW YORK, April 25 (Xinhua) — The U.S. dollar strengthened in late trade on Tuesday as market tensions mounted and investors sought safe-haven assets.
The dollar index, which measures the greenback against six major peers, rose 0.51 percent to 101.8678 in late trade.
In late New York trading, the euro was down to US$1.0971 from $1.1045 in the previous session, and the British pound was down to US$1.2406 from $1.2482 in the previous session.
The US dollar bought 133.6010 Japanese yen, down from 134.29 Japanese yen from the previous session. The US dollar rose to 0.8920 Swiss francs from 0.8880 Swiss francs and it rose to 1.3643 Canadian dollars from 1.3539 Canadian dollars. The US dollar rose to SEK 10.3205 from SEK 10.2489.
First Republic Bank, which has been closely watched after the failure of Silicon Valley Bank and Signature Bank, reported late Monday that its deposits shrank 40.8 percent in the first quarter, reviving concerns about the banking sector.
The Conference Board reported on Tuesday that the US consumer confidence index fell to 101.3 in April, down from a revised reading of 104.0 in March.
The US Census Bureau reported that sales of new homes in the US rose to 683,000 in March. The previous reading has been revised from 640,000 to 623,000.
Meanwhile, S&P Dow Jones Indices reported that the US 20-city adjusted home price index rose 0.1 percent month-on-month in February, compared with a 0.4 percent dip in January and a market expectation of a 0.3 percent decline.
The two-year U.S. Treasury yield shed 11.5 basis points to 3.976 percent on Tuesday, while the 10-year U.S. Treasury yield fell 9.3 basis points to 3.402 percent.
“Treasury yields are moving lower, but the U.S. currency is gaining ground as demand for safe-haven assets rises,” Vladimir Zernov, an analyst at market intelligence provider FX Empire, said on Tuesday.