MW:Dollar falls more, Treasurys turn up on jobs data
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The dollar pared losses and Treasury prices turned up on Friday after the Labor Department said the U.S. economy added 96,000 jobs in August, far fewer than economists expected and raising the odds of more bond purchases by the Federal Reserve. The ICE dollar index DXY -0.45% , which measures the greenback against a basket of six major currencies, fell to 80.578 from 80.791 before the report and 81.089 in late North American trading on Thursday. The euro EURUSD +0.87% traded at $1.2742 from $1.2716 before the report and $1.2640 the previous day, which was its highest in more than two months. Yields on 10-year notes 10_YEAR +2.91% , which move inversely with prices, turned down 3 basis points to 1.65%, from 1.73% before the data. The dollar and Treasury prices were down before the data as a fresh round of stimulus measures from China boosted riskier assets like stocks.
