Weekly Forex Market Insight March 26 - April 1
Global stock markets swooned on Friday as fear about contagion among banking shares of lenders such as Deutsche Bank, with the flight from risk supporting the dollar and pushing bond yields lower. Market sentiment collapsed ahead of a sell-off in Deutsche shares, which tumbled to as much as 15%, as its credit default swaps, reflecting the cost of insuring debt against the risk of non-payment, inched to their highest in more than four years.