Dollar sees some Recovery this Morning

The United States dollar was a tad higher this morning. The US. Currency is currently trading near a multi-week high within its widely traded U.S. dollar index. Traders are citing easing geopolitical tensions. This has brought the Japanese yen lower.

The dollar index, which measures the greenback against a basket of six Forex majors, was last trading at 90.445. That is near a two week high. This was reached on Friday and was at 90.477.

Traders cite supportive U.S. Treasury yields that rose. The benchmark ten year Treasury yield was at 2.968 percent. This was the highest yield for the benchmark 10 year since January 2014. The yield had risen two basis points since its settlement on Friday.

Treasury yields rose last week. The U.S. central bank showed signs of more interest rate increases for the year. They cite steady economic growth as a reason why.

In the USD/JPY Forex market, this Forex major was near a multi- month high of. Since settling on Friday, was up 0.2 percent to trade at 107.85 yen.  The yen usually attracts capital during times of global uncertainty.

Forex Traders move the Dollar as they watch Headlines

Looking at headlines, the rogue state of North Korea said over the weekend that they would end nuclear and missile tests. They are willing to pursue a path to peace. These comments come before a planned summit with South Korea and the United States.

In other headlines there are some lingering worries over a simmering trade spat between the world’s two largest economic powers. The United States and China. These, however seem to be abating a bit.

China says it welcomes a chance to negotiate a solution. Treasury Secretary Steven Mnuchin is saying that he may travel to China. International policymakers are agreeing that China needs to change how they conduct trade