SINGAPORE : The dollar inched higher on Tuesday after a loans survey showed U.S. credit conditions were less gloomy than expected, while the pound flirted with a one-year peak on expectations that the Bank of England will raise interest rates this week.
The closely-watched survey released on Monday was among the first measures of sentiment across the banking sector since the recent run of bank failures, sparked by Silicon Valley Bank's collapse in March. Two-year U.S. Treasury yields sat just below 4 per cent, having risen above that level for the first time in about a week on Monday.
"The dollar didn't really get much of a kick," said Catril."If anything, it's been the outperformance of pro-growth currencies, which has been lifted by the improvement in commodity prices ... I think that's been the bigger mover."
Source: Loan Digest (loandigest.net)
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