Forex Markets
The dollar index this morning is down -0.181 (-0.20%). EUR/USD is up +0.0038 (+0.32% at a 1-week high and USD/JPY fell back from a new 1-1/2 month high in overnight trade and is down -0.04 (-0.04%). Friday's closes: Dollar Index +0.164 (+0.18), EUR/USD +0.0009 (+0.08%), USD/JPY +0.74 (+0.67%). The dollar index on Monday closed higher on the rally in the S&P 500 to a new all-time high, which reduced safe-haven demand for the yen and sent USD/JPY up to a 1-1/2 month high. The dollar also found support on the rise in 10-year T-note yields to a 1-month high, which improves the dollar's interest rate differentials.