MW: Dollar, Treasurys adds to gains after Empire State
By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- The dollar index moved higher and U.S. Treasurys added to gains Monday after an index of manufacturing in the New York region showed a deeper contraction than economists had expected. The dollar index DXY +0.05% traded at 78.96 vs. 79.01 before the data and 78.864 late Friday. The euro EURUSD +0.10% bought $1.3098 vs. $1.3088 before the data and $1.3121 late Friday. The 10-year Treasury 10_YEAR -1.01% added to gains. Yields, which move inversely to prices, were down 3 basis points at 1.84% vs. 1.85% ahead of the data. One basis point is 1/100th of a percentage point. The New York Federal Reserve said its manufacturing index fell to negative 10.4 in September from negative 5.9 in August.
