MW: Dollar, Treasurys improve after confidence drops
By Deborah Levine
NEW YORK (MarketWatch) -- The U.S. dollar pared a loss and Treasury prices extended gains on Friday after the University of Michigan/Reuters index of consumer sentiment fell to 66.5 this month from 76 in June, a much bigger drop than analysts predicted. The euro (CUR_EURUSD 1.2958, +0.0030, +0.2321%) traded at $1.2961, after briefly breaching $1.30 and versus $1.2906 late Thursday. The dollar index (DXY 82.35, -0.21, -0.25%) , which tracks the U.S. unit against a basket of six major currencies, dropped to 82.338 from 82.550 Thursday. Yields on 10-year notes (UST10Y 2.98, -0.02, -0.50%) , which move inversely to prices, fell 4 basis points to 2.96%, heading back towards 14-month lows.
