MW: Dollar slips, Treasurys stay down after U.S. data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar edged down and Treasury prices remained under slight pressure on Wednesday after a report showed U.S. durable goods fell 4.2% in March, more than economists expected. The main focus for currency and bond traders is the Federal Reserve's statement after its policy meeting, forecasts and a press conference by Chairman Ben Bernanke. The dollar index DXY -0.06% , which compares the U.S. unit against a basket of major currencies, slipped to 79.120, from 79.149 before the report and 79.256 in late North American trade Tuesday. The euro EURUSD +0.1927% extended gains to 1.3216, from $1.3187. Yields on 10-year notes 10_YEAR +1.01% , which move inversely to prices, stayed up 1 basis point to 1.99%, flirting with 2%. Also coming up, before the Fed events, is the government's sale of 5-year notes 5_YEAR +2.46% .
