MW: Dollar stays down, Treasurys up after Philly Fed
By Nick Godt
NEW YORK (MarketWatch) -- The dollar stayed lower and Treasurys advanced on Thursday after the Philadelphia Federal Reserve said its index of regional manufacturing activity fell in June. The dollar index (DXY 85.65, -0.43, -0.50%) , which measures the U.S. unit against a basket of six major currencies, fell 0.6% to 85.58. The euro, meanwhile, rose 0.8% to $1.2395. Yields on benchmark 10-year notes (UST10Y 3.22, -0.05, -1.41%) , which move inversely to prices, fell 6 basis points to 3.205%. Separately, the Conference Board said it expects slower growth for the rest of the year, while its index of leading economic indicators rose 0.4% in May.
