The dollar firmed as yields climbed, however both the dollar and the yields pared gains following the 10-year not auction.

美元因殖利率上涨而走坚，但美元及殖利率均在10年期国债拍卖之后回吐涨幅。

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On Wednesday, the European Central Bank will hold the first dollar auction under the new and lower rates.

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Monday's slide of the Egyptian pound came on the second day of trading under a new dollar auction system aimed at regulating the devaluation.

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Earlier this year, the government launched a new dollar auction system, which complements existing state-run currency channels, in a bid to pump more hard currency into the private sector, but economists have so far questioned how effective the mechanism will be in satisfying demand.

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