Greenback dips as American yields extend fall

On Monday, the evergreen buck gave in to gravity and drifted further away from 14-year peaks as American Treasury yields eased from recent highs.

Having ascended without pause for much of the month, the dollar index against a basket of key currencies sank 0.7% to 100.77, contributing to Friday's losses.

On Thursday, it had popped above 102.00, its highest value since March 2003.

The US dollar underperformed against the safe-haven yen in the wake of a broader sag in risk appetite as the Nikkei along with crude prices sank.

The US dollar had sunk late last week as traders took advantage of a pullback in American bond yields and a holiday-shortened week just to consolidate gains.

The 10-year Treasury note yield dipped further on Monday to 2.326%, having soared to a 16-month peak of 2.417% on Thursday.

The US dollar was down 1.3% at 111.650 yen, reacting to an ascend to an 8-month peak of 113.900 the previous week. As for the common currency, it grew 0.9%, hitting $1.0667, having dropped to an 8-month low of $1.0518 on Thursday.

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