The dollar pared gains and Treasury prices rose further on Friday after a report showed U.S. payrolls rose 69,000 in May, far fewer than analysts expected.
The dollar pared gains and Treasury prices rose further on Friday after a report showed U.S. payrolls rose 69,000 in May, far fewer than analysts expected. Bonds and the greenback were up before the report following weak economic data out of Europe and China. The dollar index , which measures the greenback's moves against a basket of six major global currencies, pared gains to 83.259 from 83.310 before the data and 83.035 in North American trade late on Thursday. The euro traded at $1.2332, versus $1.2324 earlier and $1.2369 Thursday. Yields on 10-year notes , which move inversely to prices, fell 9 basis points to 1.47% -- setting a new low and from 1.53% prior to the report.
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