Dollar slips as banking sector fears ebb

The US dollar has fallen for the second consecutive day against a basket of other currencies, as concerns over global banking disorder eased. Some solace was taken from North Carolina's First Citizens BancShares proposal to buy all deposits and loans from failed lender Silicon Valley Bank, suggesting no more cracks have emerged in the banking system. As a result, investors used riskier currencies as a safe haven, with the Australian dollar seen as a liquid proxy for risk appetite, rising by 0.39% to $0.6677 after better-than-expected retail sales data.