The price of the dollar closed the week above $4,800 with underlying uncertainty

Uncertainty about the financial system is not far from the markets. Despite this, the dollar managed to stay at $22.53 below Friday’s TRM, which was $4,866.50 and closed at $4,843.97..

During the day It recorded 1.234 million USD in 2832 transactionsas reported by the Set-FX platform, with a minimum of $4,792 and a maximum of $4,862.

As the week progressed, the international turmoil subsided somewhat due to the lifeline thrown by the organizers Credit Suisse GroupAnd However, uncertainty remains with the announcements from the European Central Bank to raise interest rates by another 50 basis pointsup to 3.5%, the highest level since October 2008.

Friday, US stock index futures fell, while Treasury bonds rosecapping a turbulent week for global markets with another shift away from risk as concern grew that the banking sector would tip the global economy into recession.

Banks such as JPMorgan Chase & Co. And Citigroup is in a bid to support First Republic. While the bailout initially boosted confidence, billionaire investor Bill Ackman was among those who questioned whether it would be enough to stop the crisis.

“We don’t expect a full-blown financial crisis, but the underlying dynamics shouldn’t be ruled out,” said Carsten Junius, chief economist at JSafra Saracen Bank AG. “Financial conditions are likely to tighten and recession risks will increase. Therefore, we call for a defensive stance regarding risky assets and a tactically cautious stance in the sector.”