MW: Dollar, Treasurys slide after PPI, housing data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar declined and Treasury prices edged down on Tuesday after a pair of reports showed producer prices fell 0.1% in April and housing starts rose 5.8% to a 672,000 rate. Yields on 2-year notes (UST2YR 0.82, +0.02, +1.99%) , which move inversely to prices, rose 1 basis point to 0.81%. The euro (CUR_EURUSD 1.2403, +0.0011, +0.0888%) rose to $1.2405, up slightly from $1.2384 in North American trading late Monday, when it sank to its lowest level since April 2006. The dollar index (DXY 86.12, -0.09, -0.10%) , which tracks the U.S. unit against a trade-weighted basket of six major currencies, slipped to 86.128, down from 86.240 late Monday.
