on Tuesday showed that China's imports dropped 7.9% in April from a year earlier, while exports grew at a slower pace of 8.5% in the same period after an unexpected surge of 14.8% in March.A day earlier, the Federal Reserve's quarterly Senior Loan Officer Opinion Survey that while credit conditions for U.S. business and households continued tightening at the start of the year, it was likely due to the impact of the Fed's aggressive rate hikes rather than severe banking sector stress.
The closely-watched survey released on Monday was among the first measures of sentiment across the banking sector since the recent run of bank failures, sparked by Silicon Valley Bank's collapse in March. The U.S. dollar rode Treasury yields modestly higher after the survey, as traders pared back their expectations on the scale of Fed rate cuts needed later this year to ease the stress on the sector.
The euro was last 0.13% lower at $1.0990, while the Japanese yen rose about 0.05% to 135.04 per dollar, marginally aided by