Markets Prepare for Continued Instability as March Comes to a Close

Global financial markets are poised for another week of turmoil, as traders close out a dizzying month in which worries about US and European lenders dominated sentiment and complicated central banks’ fight against inflation.

The Japanese yen and Swiss franc were quoted as much as 0.2% higher against the dollar as the trading week got underway in early Sydney. Traders sought out haven assets after Russian President Vladimir Putin’s comments on Saturday about stationing tactical nuclear weapons in Belarus. The euro was little changed after European Central Bank Vice President Luis de Guindos said the uncertainty in the banking sector means the central bank will take a meeting-by-meeting approach on interest rate policy.

Source : Markets Prepare for Continued Instability as March Comes to a Close