By Deborah Levine
NEW YORK (MarketWatch) -- The dollar pared losses and Treasury prices came under slight pressure on Friday after a government report showed the U.S. economy grew at a revised 5.6% pace in the fourth quarter, slower than reported earlier. The euro (CUR_EURUSD 1.3354, +0.0077, +0.5800%) pared gains to buy $1.3374, compared to $1.3402 before the data but still up from $1.3306 late Thursday, when it hit a new 10-month low. The dollar index (DXY 81.82, -0.30, -0.36%) , which measures the greenback against a trade-weighted basket of six major currencies, pared an earlier decline to trade 81.799 from 82.037 late Thursday. Yields on 10-year notes (UST10Y 3.87, +0.02, +0.55%) , which move inversely to prices, traded at 3.89%. The benchmark securities gave up small overnight gains but are still on pace for the biggest weekly jump in yields since December. Later, an index of consumer confidence for this month is expected to be revised slightly higher.
