MW:Dollar, Treasurys hold gains after housing starts
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar and Treasury prices held onto gains on Wednesday after a report showed U.S. housing starts in June rose to a higher rate than analysts expected. Yields on 10-year notes 10_YEAR -2.05% , which move inversely to prices, fell 3 basis points to 1.48%. The dollar index DXY +0.27% , which tracks the U.S. unit against six currencies, rose to 83.244, from 83.075 late Tuesday. The euro EURUSD -0.4946% fell to $1.2236 compared with $1.2278 late Tuesday in North American trading. Analysts will again tune into Federal Reserve Chairman Ben Bernanke's testimony to Congress. Though his prepared remarks will likely match those given Tuesday, any hints about when or what form of easing could come later will be the focus of the questioning period.
