MW: Dollar turns up, Treasurys turn down after Fed
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The U.S. dollar turned up and 10-year Treasury prices turned down on Thursday after the Federal Reserve said it would buy $40 billion in mortgage-related bonds each month, in addition to its current program, to boost economy growth. It also said it would keep interest rates low until mid-2015 - longer than it's said before. The dollar index DXY -0.31% , which measures the greenback against a basket of six currencies, rose to 79.739 from 79.686 before the statement and 79.728 in late North American trading on Wednesday. The euro EURUSD +0.08% turned down to $1.2885 from $1.2894. Yields on 10-year notes 10_YEAR -2.10% , which move inversely to prices, rose 2 basis points to 1.78%, after trading at 1.73% before the release.
