Dollar Slightly Higher as US Banking Concerns and Trade Tensions Recede

The dollar index (DXY00) on Friday rose by +0.09%.  The dollar recovered from a 1.5-week low on Friday and turned higher after concerns eased over the credit quality of US regional banks.  The dollar rose as the alleged loan frauds tied to Zions Bancorp and Western Alliance Bancorp appear to be confined and show no signs of contagion.  An easing of US-China trade tensions is positive for global growth prospects and the dollar, following President Trump's statement that high tariffs on Chinese goods are uns ...