Forex Markets

The dollar index this morning is down -0.251 (-0.28%). EUR/USD is up +0.0031 (+0.25%) and USD/JPY is down -0.11 (-0.10%). Friday's closes: Dollar Index +0.049 (+0.05%), EUR/USD +0.0004 (+0.03%), USD/JPY +0.02 (+0.02%). The dollar index on Friday closed higher on strength in USD/JPY which climbed to a 6-week high as an easing of trade war concerns reduced the safe-haven demand for the yen. Trade tensions also eased after President Trump said that the U.S. may rejoin the Trans-Pacific Partnership free-trade deal and that China and the U.S. may ultimately end up not imposing tariffs on each other as they negotiate their trade differences, which would be positive for economic growth.