Forex Markets

The dollar index this morning is down -0.020 (-0.02%). EUR/USD is up +0.0014 (+0.12%). USD/JPY is up +0.16 (+0.14%) at a 3-week high. Tuesday's closes: Dollar Index +0.226 (+0.24%), EUR/USD -0.0039 (-0.33%), USD/JPY +0.34 (+0.31%). The dollar index on Tuesday closed higher on a rally in USD/JPY to a 2-1/2 week high as the easing of tensions on the Korean peninsula reduced the safe-haven demand for the yen. The dollar was also supported by expectations for the Fed to boost its fed funds rate target by 25 bp after Wednesday's FOMC meeting.