Concerns over a banking crisis are waning
Major US banks have invested $30 billion in First Republic Bank via deposits to save it after two US financial organisations collapsed last week.
Major US banks have invested $30 billion in First Republic Bank via deposits to save it after two US financial organisations collapsed last week. Concerns over a global banking crisis have subsided, fleeing to the dollar to avoid risk has stopped and the EUR/USD currency pair has a good chance of rising after ECB President Christine Lagarde assured investors that the Eurozone's bank sector is in good shape.
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