MW: Dollar, Treasurys gain after better-than-seen ADP
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices fell more and the dollar extended gains on Thursday after ADP said private employers added 157,000 jobs in June, much more than analysts expected. The euro EURUSD -0.53% fell to $1.4248, from $1.4303 in late New York trading on Wednesday. The dollar index DXY +0.27% , which measures the U.S. unit's value against a basket of six other major currencies, rose to 75.328 from 75.088. Yields on 10-year notes 10_YEAR +1.74% , which move inversely to prices, rose 4 basis points to 3.16%. Currency traders were also tuning into European Central Bank President Jean-Claude Trichet's post policy meeting press conference. Still to come is the Treasury Department's announcement of how much in debt it will auction next week.
