MW: Treasury yields, dollar down after starts data
By Deborah Levine
NEW YORK (MarketWatch) - Treasury prices remained higher and the dollar came under pressure on Tuesday after a report showed U.S. housing starts jumped to 598,000 pace in August, more than economists expected. The euro (EURUSD 1.3118, +0.0055, +0.4210%) bought $1.3116, from $1.3118 before the data and up from $1.3062 in late North American trading on Monday. The dollar index (DXY 81.06, -0.27, -0.34%) , a measure of the greenback against a basket of six major currencies, stood at 81.098, versus 81.080 earlier and down from 81.334 Monday. Yields on 10-year notes (UST10Y 2.67, -0.03, -1.22%) , which move inversely to prices, fell 2 basis point to 2.68%. Traders may be hesitant to take big positions before the Federal Reserve ends its meeting this afternoon.
