# Banking stress puts U.S. and Europe on watch for credit crunch | Reuters

> Financial market stress indicators flashed at the end of the week of March 26, with the euro falling against the dollar, euro zone bond yields sinking and bank default insurance costs surging. Policymakers had offered assurances.

- Date: 2023-03-26 · published 2023-03-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37074-banking-stress-puts-u-s-and-europe-on-watch-for-credit-crunch-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Banking stress raises risk-off sentiment and can weigh on commodity prices through a stronger dollar and weaker demand expectations, though the direct grain impact is limited.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-06 | [For Europe's markets, Trump's return spells euro pain but bond gains \| Reuters](https://feedsoft.ai/events/5808-for-europe-s-markets-trump-s-return-spells-euro-pain-but-bond-gains-reuters.md) | +1.9% | +1.5% |
| DXY | 2022-03-10 | [Euro zone bond yields soar as ECB presses on with stimulus exit \| Reuters](https://feedsoft.ai/events/42466-euro-zone-bond-yields-soar-as-ecb-presses-on-with-stimulus-exit-reuters.md) | +0.2% | -0.5% |
| DXY | 2023-10-27 | [Sterling set for weekly declines on dollar and euro, buffeted - Markets - Business Recorder](https://feedsoft.ai/events/33885-sterling-set-for-weekly-declines-on-dollar-and-euro-buffeted-markets-business.md) | -0.9% | -3.1% |
| DXY | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | -0.1% | -1.2% |
| DXY | 2024-08-30 | [Sterling steady but heads for weekly fall on dollar strength \| Reuters](https://feedsoft.ai/events/29065-sterling-steady-but-heads-for-weekly-fall-on-dollar-strength-reuters.md) | +0.2% | -0.9% |
| EURUSD | 2024-11-06 | [For Europe's markets, Trump's return spells euro pain but bond gains \| Reuters](https://feedsoft.ai/events/5808-for-europe-s-markets-trump-s-return-spells-euro-pain-but-bond-gains-reuters.md) | -3.2% | -3.2% |
| EURUSD | 2022-03-10 | [Euro zone bond yields soar as ECB presses on with stimulus exit \| Reuters](https://feedsoft.ai/events/42466-euro-zone-bond-yields-soar-as-ecb-presses-on-with-stimulus-exit-reuters.md) | -0.7% | -1.4% |
| EURUSD | 2024-12-04 | [Euro to stay weak, but avoid parity to USD for now: Reuters poll](https://feedsoft.ai/events/27174-euro-to-stay-weak-but-avoid-parity-to-usd-for-now-reuters-poll.md) | -0.1% | -2.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/feds-kashkari-banking-stress-brings-us-closer-recession-cbs-2023-03-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.