Treasurys turn up, dollar pares loss on Draghi

Treasury prices turned up and the euro pared its gains against the U.S. dollar on Wednesday after European Central Bank President Mario Draghi said officials would continue short-term liquidity operations but stopped short of opening the door to a more aggressive reaction to the European sovereign-debt crisis. The euroEURUSD +0.14% briefly turned negative but lately traded at $1.2459, after topping $1.25 during the session and versus $1.2448 in North American trade late on Tuesday. The dollar index DXY -0.11% , which measures the greenback against a basket of six major currencies, pared its losses to trade at 82.731, from 82.801. Yields on 10-year notes10_YEAR -0.76% , which move inversely to prices, fell 1 basis point to 1.57%.