MW: Dollar slips, Treasurys extend gains after data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices extended gains and the dollar slipped back into negative territory on Thursday after a pair of U.S. reports showed weekly jobless claims jumped to 429,000 and the U.S. economy grew at a slower than expected 1.8% annualized pace in the first quarter. The euro EURUSD +0.2165% rose to $1.4811, from $1.4797 before the data and up from $1.4792 in late North American trading on Wednesday. The dollar index DXY -0.53% , which measures the U.S. currency against a basket of six major currencies, slipped to 73.146, down from 73.284 Wednesday. Yields on 10-year notes UST10Y -1.16% , which move inversely to prices, fell 5 basis points to 3.32%. Still to come is a Federal Reserve buyback and Treasury auction of 7-year notes UST7YR -1.69% .
