MW: Dollar pares rise, Treasurys stay down after data
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The dollar pared gains and Treasury prices stayed down Thursday after a report showed U.S. weekly jobless claims fell to 355,000, though analysts cautioned the data may be skewed by Hurricane Sandy-related problems in filing or reporting. European Central Bank President Mario Draghi began his press conference at the same time, though no major policy announcements or changes are expected. The dollar index DXY +0.11% , a measure of the U.S. unit against a basket of six major currencies, traded at 80.873 compared with 80.921 before the data and 80.781 in North American trade late Wednesday. The euro EURUSD -0.30% pared a decline to $1.2737 from $1.2769 Wednesday. Yields on 10-year notes 10_YEAR +1.33% , which move inversely to prices, rose 4 basis points to 1.67%.
