MW: Dollar pares gains, Treasurys up after U.S. data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices held onto gains and the dollar pared its advance slightly on Monday after a report showed U.S. personal spending unexpectedly dipped in December, though incomes rose more than some predicted. The dollar index DXY +0.71% , which measures the U.S. unit against a basket of six currencies, traded at 79.299, from 79.342 before the report and 78.854 in late North American trading on Friday. The euro EURUSD -0.97% fell to $1.3117, down from $1.3216 Friday. Yields on 10-year notes, which move inversely to prices, remained down by 5 basis points to 1.84%, their lowest level in almost two weeks.
