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The Australia and New Zealand dollars weakened against their major currencies in the Asian session on Friday, after investors remained cautious as lingering concerns about the recent turmoil in the banking sector continue to hang over the markets.
The U.S. dollar declined against its major counterparts in the early European session on Friday amid risk appetite, as concerns over a global banking crisis eased following multi-billion-dollar lifelines for troubled U.
The Australian dollar retreated from recent highs against other major currencies in the Asian session on Monday, as traders remain cautious and assess the impact of the crisis in the global banking sector, even as failing financial institutions secure a lifeline from peer institutions and central banks to avoid a global meltdown.
The euro advanced against its major counterparts in the European session on Tuesday amid risk appetite, as fears over a banking crisis eased, and investors awaited the Federal Reserve's interest-rate decision.
Commodity currencies such as the Australian, New Zealand and the Canadian dollars strengthened against their major rivals in the Asian session on Friday, as stocks rebounded from recent losses with risk sentiment improving after First Republic Bank and Credit Suisse secured a lifeline, which helped ease recent concerns about turmoil in the banking sector.