Forex Markets

The dollar index this morning is up +0.04 (+0.04%). EUR/USD is down -0.0004 (-0.03%) and USD/JPY is down -0.03 (-0.03%). Monday's closes: Dollar Index -0.375 (-0.42%), EUR/USD +0.0049 (+0.40%), USD/JPY -0.23 (-0.21%). The dollar index on Monday closed lower on comments from President Trump who tweeted that Russia and China are playing the currency devaluation game while the U.S. raises interest rates and that is "not acceptable." The dollar was also undercut by dovish comments from New York Fed President Dudley who said the Fed will stay on is "gradual" rate hike path unless inflation moves up by an "appreciable margin."