Rising Yields Continue To Be The Main Driver

The euro remains pinned near the seven-month low it recorded two days ago near $1.0850.   It approached $1.0950 yesterday and has been confinedto about a 15-tick range on either side of $1.0905 today.  Against the yen, the dollar remains near the three-month high (~JPY104.85) also seen two days ago.  New dollar