MW: Dollar pares loss, Treasurys edge up after GDP
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices turned up modestly and the dollar pared losses Tuesday after the U.S. unexpectedly said it revised down how much the economy grew in the third quarter to 2%, from 2.5%. The dollar index DXY -0.16% , which measures the U.S. unit against a basket of six major currencies, traded at 78.236, from 78.206 before the data and 78.267 late Monday. The euro EURUSD +0.23% rose to $1.3523, versus $1.3527 and from $1.3503 Monday. Yields on 10-year notes 10_YEAR -0.36% , which moves inversely to prices, turned down 1 basis point to 1.96%. Still to come is the government's auction of 5-year notes 5_YEAR -0.56% and the release of minutes from the Federal Reserve's last meeting.
