MW:Euro, Treasurys up after claims, before Bernanke
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices edged back up and the dollar remained under pressure on Thursday after a report showed first-time U.S. jobless claims fell to 377,000 in the latest week, while the prior two weeks of data were revised up. The euro EURUSD +0.1061% rose to $1.2607, from $1.2597 before the data and $1.2561 Wednesday. The dollar index DXY -0.20% , which measures the greenback's performance against a basket of six major currencies, slipped to 82.043, compared with 82.264 in North American trade late Wednesday. Yields on 10-year notes 10_YEAR +0.24% , which move inversely to prices, slipped 1 basis point to 1.65%. Prior to the report, the euro erased losses, U.S. stock futures jumped and Treasurys reversed gains after China's unexpectedly cut rates. The main event of the session will be Federal Reserve Chairman Ben Bernanke's testimony to Congress, with analysts divided on whether he will hint at an inclination to further ease monetary conditions through bond purchases.
