LONDON – The dollar edged higher as risk sentiment soured in Europe on returning banking worries, while the euro slipped even as policymakers left the door open to a 50-basis point rate hike at next week's European Central Bank meeting. The U.S. dollar index was last up 0.2 percent at 101.48 in a flight to safety as worries about the health of the financial system resurfaced following earnings from First Republic Bank and UBS. News on Monday of plunging deposits at First Republic Bank served as a reminder that stability risks have not entirely died down, while UBS reported a 52- percent slide in quarterly income as it prepares to swallow fallen rival Credit Suisse.

https://business.inquirer.net/397568/dollar-higher-as-banking-jitters-resurface-euro-slips

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