How has the recent US banking crisis impacted the dollar, and what factors could potentially lead to

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Good question.

The recent US banking crisis has weighed heavily on the dollar, with the collapse of three banks in a single week and a sharp drop in bank lending volumes observed in a survey by the Dallas Federal Reserve. Softer labor markets, as indicated by several job data sets, and growing expectations of a US recession have also contributed to the dollar's weakness. However, the current conditions could potentially reverse if investors suddenly rush for safe havens in the event of a crisis. Factors such as the discovery of another weak link in the financial sector or the global economy's adjustment to higher rates could cause the dollar to move significantly higher without much notice, as investors seek safety in the US currency.

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