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26 Mar 2023

More banking sector worries

• Banking concerns. Worries about Deutsche Bank weighed on European equities, bond yields and the EUR at the end of last week.• USD rebound. Lingering banking sector risks supported the USD. A broader set of signals points to a more difficult backdrop over the period ahead.• AUD pressure. The bounce back in the USD has pushed the AUD lower. AU retail sales, the monthly CPI, and the China PMIs are released this week. Markets remained volatile at the end of last week, with banking sector concerns still bubbling away. On Friday Deutsche Bank came under pressure, with the share price...

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