The demand for supposedly safe haven assets decreased on Tuesday amid worries on the recent banking turmoil, which led to a decline in the value of the US dollar.

The dollar index that gauges the greenback versus its major pairs sank by 0.19% at 102.56 post slipping by 0.26% earlier on Monday.

On the other hand, both the euro and the sterling edged up as markets are grasping the agreement of First Citizens Bancshares agreement to purchase all loans and deposits of Silicon banking and there is no more turmoil surfaced in the banking sector.

EUR/USD ticked up by 0.27% to $1.083.

GBP/USD advanced by 0.31% at $1.233 lower than the highest level in two months.

USD/JPY dipped by 130.51 yen. This partially reversed the dollar's previous session surge of 0.64% against the yen, which was accompanied by a sharp increase in U.S. government bond yields.