Forex Markets

The dollar index this morning is up +0.23 (+0.25%). EUR/USD is down -0.0039 (-0.32%) and USD/JPY is down -0.07 (-0.06%). Tuesday's closes: Dollar Index -0.364 (-0.39%), EUR/USD +0.0047 (+0.39%), USD/JPY -0.34 (-0.30%). The dollar index on Tuesday fell to a 3-1/4 month low and closed lower on strength in EUR/USD which rose to a 3-3/4 month high on hawkish comments from ECB Executive Board member Coeure who said the ECB's current extension of stimulus may be the last. EUR/USD was also supported by the jump in the 10-year bund yield to a 2-1/4 month high, which boosts the interest rate differentials of the euro versus the dollar.