NEW YORK (MarketWatch) -- The U.S. dollar and Treasury prices pared losses on Thursday after Federal Reserve Chairman Ben Bernanke said the central bank stands ready to act in the event that financial stresses from the European crisis escalate, though he still forecasts that U.S. growth will continue at a moderate pace. The euro EURUSD -0.02% traded at $1.2574, after topping $1.26 and versus $1.2561 Wednesday. The dollar index DXY -0.09% , which measures the greenback's performance against a basket of six major currencies, pared its decline to 82.183, compared with 82.264 in North American trade late Wednesday. Yields on 10-year notes 10_YEAR +0.54% , which move inversely to prices, traded at 1.66%, down from a high of 1.68% before Bernanke's comments and little changed on the day.
