Greenback Pared Friday Gains
The greenback has pulled back from levels, hit on Friday when earning growth reached 8-year maximum, providing a huge boost for the currency. USD index rose 0.6% to 89.175. Dollar traded around 1.2445 versus the single currency. Against Yen, the greenback traded over 110. The spread between US-Japan yield has significantly expanded. That is, differential between US and Japan 10-year yield hit its 10-year high.