MW: Dollar rises, Treasurys pare gains after GDP data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar gained slightly and Treasury prices erased a small advance on Friday after the U.S. revised its fourth-quarter GDP reading to 3.1%, up from an earlier estimate of a 2.8% pace. The dollar index (DXY 75.88, +0.22, +0.30%) , which measures the greenback against a basket of six currencies, rose to 75.880, compared to 75.665 in late trading Thursday. The euro (EURUSD 1.4133, -0.0034, -0.2400%) slipped to $1.4134, from $1.4181 late Thursday. Yields on 10-year notes (UST10Y 3.39, -0.01, -0.38%) , moved to little changed at 3.41%, after trading near 3.38% before the data. Still to come are speeches from a handful of Federal Reserve officials, data on consumer confidence and a Fed buyback of debt.
