MW: Dollar falls more, Treasurys down after claims
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The dollar fell more and Treasury prices stayed under pressure on Thursday after a report showed U.S. jobless claims fell 12,000 to 350,000 in the latest week. The dollar index DXY -0.28% , which tracks the U.S. unit against a basket of six major currencies, fell to 79.403 from 79.424 before the data and 79.609 in late North American trading on Wednesday. The euro EURUSD +0.4441% rose to $1.3272 compared with $1.3224 late Wednesday. Yields on 10-year notes 10_YEAR +1.20% , which move inversely to prices, stayed up 1 basis point to 1.77%. Indications that Washington may yet be able to cobble together a way to blunt the slowdown expected by going over the fiscal cliff was also supporting equities to the detriment of the dollar and Treasury bonds.
