MW: Dollar up, Treasurys under pressure after data
By Deborah Levine
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DXY UST10Y
NEW YORK (MarketWatch) -- The U.S. dollar added to gains and Treasury prices were under pressure on Monday after a report said industrial production unexpectedly increased 0.1% in February. The euro fell to $1.3708 versus the dollar Monday, down from $1.3760 in North American trade late Friday. The dollar index (DXY 80.10, +0.26, +0.33%) , which measures the U.S. unit against a trade-weighted basket of six major currencies, traded at 80.124, up from 79.830 late Friday. Yields on 10-year Treasury notes (UST10Y 3.70, -0.03, -0.67%) , which move inversely to prices, were little changed at 3.70%, after being down slightly before the data. Also, the Treasury Department said net foreign holdings of equities, notes and bonds increased a net $19.1 billion in January. International demand for U.S. debt rose in January, almost as fast as in the prior month, while private purchases increased by more than in December.