SINGAPORE/LONDON—The dollar was steady on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system.
The dollar index, which measures the currency against six rivals, rose 0.06 percent at 103.05, having gained 0.5 percent on Friday amid banking jitters, with shares of Deutsche Bank sliding nearly 9 percent. Shares in Deutsche Bank were up 4 percent in early trade on Monday.
Global banking stocks have been battered through the month following the sudden collapse of two U.S. lenders and the rescue of embattled bank Credit Suisse last week, with authorities stepping in to ease investors nerves….