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02-16-2011, 07:39 PM
NEW YORK (MarketWatch) -- The dollar turned down against the euro, Japanese yen and Swiss franc and Treasury prices pared a decline on Wednesday after reports came out regarding Israeli official's remarks about Iran sending warships through the Suez Canal, something it hasn't done in decades, according to Reuters. The dollar index , which measures the greenback against a basket of six currencies, fell to 78.317, after touching 78.791 during U.S. morning trading, and from 78.592 in late North American trading Tuesday. The euro turned up to $1.3555 from $1.3486 Tuesday. Against the Swiss franc , a traditional safe-haven currency, the dollar fell 0.5%. Yields on 10-year notes , which move inversely to prices, turned back down by 1 basis point to 3.60%, after being lower in late-morning action.
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