By Deborah Levine
EURUSD DXY
NEW YORK (MarketWatch) -- The euro pared its gains against the dollar in early U.S. trading on Monday after Standard & Poor's lowered its credit rating on Greece to B from BB-minus. The shared currency had bounced back somewhat in European hours after dropping late last week on a news report that Greece was considering leaving the euro zone. The euro EURUSD -0.3619% traded at $1.4362, from $1.4385 before the downgrade but still up from $1.4349 in late North American trading on Friday. The dollar index DXY +0.08% , which measures the greenback against a basket of six currencies, slipped to 74.778, better than 74.596 earlier but still down versus 74.790 Friday. The euro also turned down 0.3% against the Japanese yen .
