| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | United Kingdom | PSNB, bln | March | -12.5 | -22.94 | -20.71 |
| 06:00 | Switzerland | Trade Balance | March | 2.4 | | 3.1 |
| 10:00 | United Kingdom | CBI industrial order books balance | April | -20 | -20 | -20 |
USD erased some earlier declines against most of its major rivals in the European session on Tuesday as concerns over the banking sector reignited with frustrating earnings reports from First Republic Bank and UBS.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, increased by 0.11% to 101.46.
The latest quarterly report from First Republic Bank revealed a larger-than-expected decline in the U.S. regional lender’s deposits of over 40% in the first quarter. In its turn, Swiss lender UBS AG, which recently acquired Credit Suisse, announced worse-than-forecast earnings and revenue for the first quarter, with the former recording a nearly 50% y/y plunge.
The earnings reports returned the banking sector jitters into investor focus, prompting a flight to safety.
Later in the day, investors will receive data on the home prices in the U.S. for February, new home sales for March, and consumer confidence for April.