MW: Dollar edges up, Treasury down after jobless data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar gained ground and Treasury prices came under a little more pressure after the Labor Department said U.S. jobless claims fell 42,000 to 415,000 in the latest week. Yields on 10-year notes (UST10Y 3.51, +0.03, +0.98%) , which move inversely to prices, rose 7 basis points to 3.51%. The euro (EURUSD 1.3704, -0.0100, -0.7242%) fell to $1.3719, from $1.3756 before the data and compared with $1.3805 in late North American trading Wednesday. The dollar index (DXY 77.50, +0.34, +0.44%) , which tracks the greenback against a basket of six currencies, advanced to 77.449, versus 77.334 earlier and up from 77.127 Wednesday. European Central Bank President Jean-Claude Trichet also began his monthly press conference around the same time, which could influence trading. Still to come are data on the U.S. services sector, a speech from Federal Reserve Chairman Ben Bernanke and a debt buyback by the U.S. central bank.
