MW:Dollar pares loss, Treasurys fall more after data
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The dollar pared losses and Treasury prices extended losses on Wednesday after a report said U.S. housing starts jumped to an 872,000 rate in September, a much faster pace than expected. The euro EURUSD +0.5510% traded at $1.3125, from $1.3127 before the report and $1.3051 in North American trade late Tuesday. The ICE dollar index DXY -0.30% , which measures the U.S. unit against a basket of six major currencies, pared a loss to 79.023 versus 79.371 on Tuesday. Yields on 10-year notes 10_YEAR +2.21% , which move inversely to prices, rose 4 basis points to 1.77%. Bond prices and the greenback were under pressure before the data after Moody's Investors Service left Spain's credit rating in investment-grade territory, offering relief to stock traders.
