MW: Dollar improves, Treasurys down after retail sales
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar pared its losses and Treasury prices remained lower on Wednesday after a report said U.S. retail sales rose 0.4% in March, less than analysts expected. Excluding autos, retail sales rose 0.8%, slightly topping forecasts. The dollar index (DXY 74.85, -.00, -.00%) , which measures the U.S. currency against a basket of six other currencies, traded at 74.839, from 74.810 before the data and 74.847 in late North American trading Tuesday. The euro (EURUSD 1.4490, +0.0012, +0.0829%) reversed to nearly flat on the day at $1.4492, compared to $1.4489 Tuesday, after touching the highest level since January 2010. Yields on 10-year notes (UST10Y 3.52, +0.03, +0.92%) , which move inversely to prices, rose 4 basis points to 3.54%. Still to come are a Federal Reserve buyback, a Treasury Department sale of 10-year notes and the release of the Fed's Beige Book.
