U.S. dollar falls across the board as investors have scaled back expectations for an aggressive 50-basis-point interest rate hike from the Federal Reserve at its March 22 monetary policy meeting following the recent turmoil in the banking and financial markets.

Gold shines once again, as its price briefly topped the $2,000 key level on Monday morning for the first time since early March 2022, as the domino collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse fuelled worries of broader banking and financial instability and drove investors to the safety of the all-time haven yellow metal

Crude oil contracts have started the new week with further declines following the banking crisis and the economic uncertainty, with the price of Brent crude falling as low as the $70/b support level, or down 2% on Monday morning, and the WTI crude sliding to the lows of $64/b for the first time since December 2021

The common currency advances to $1.0650 against the U.S. dollar on Friday morning benefiting from the decision of the European Central Bank to proceed with a further 50 bps rate hike to curb inflation, signaling also that it is ready to supply liquidity to banks if needed, amid recent turmoil in the U.S. and European banking sector.

Both Brent and WTI crude oil prices hit a fresh 15-month low of $71,70/b and $67,70/b during Wednesday’s trading session, or down 7%, on a broad selloff amid a turmoil around Credit Suisse before rebounding later the day as markets merely calmed after the bank secured a lifeline loan from the Swiss National Bank

Bitcoin surged to its highest level since June 2022 and just before its pre-FTX bottom, climbing as high as $26,500 on Tuesday morning, extending its recent rally in response to the brewing financial crises and bank collapses