The dollar came under initial pressure at the Asian open, apparently driven more by attempts to trigger stops rather than any of the developments over the weekend. But the market was unable to sustain the dollar weakness, and the dollar recovered ground in the afternoon, pushing to session highs against AUD, EUR, NZD, CHF and GBP. Overall however, trading was said to be very subdued. EUR-USD which gapped higher at the open at 1.2675, traded up to 1.2727 before pulling back to 1.2647 lows. GBP-USD traded up to highs of 1.4182 before falling back to 1.4092. USD-JPY traded mostly within a tight range of 98.00-98.50. U.S. Treasury yields were little changed in Asian dealings. Most Asian stock markets were lower on the day with the ongoing theme of the credit crisis, and slowing global growth weighing on investor demand.