The dollar dropped to two-week lows on Wednesday in choppy trading, led by losses against sterling and the euro, weighed down by U.S. data showing tepid inflation and a slippage in Treasury yields.

U.S. benchmark 10-year yields were last at 1.136%, down 2 basis points from Monday’s level. The dollar extended losses after data showed U.S. underlying inflation remained benign. Excluding the volatile food and energy components, the CPI was unchanged for a second straight month. Tame inflation data made it more likely the Federal Reserve would keep interest rates ultra-low.

For the day the Dow is trading at 31,437.80 up with +0.20% percent or  +61.97 point. The S&P 500 is trading at 3,909.88 with a loss of –0.035% percent or –1.35 point. The Nasdaq Composite is trading at 13,972.53 with a loss of – 0.25% percent or  -35.16 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 2,282.44  with a loss of -0.72% percent or -16.56 point; the S&P 600 Small-Cap Index closed at 1,290.93  with a loss of –0.34% percent or -4.46 point; the S&P 400 Mid-Cap Index closed at 2,519.24  with a loss of –0.15% percent or ?3.90 point; the S&P 100 Index closed at 1,794.74 with a loss of –0.16% percent or  ?2.94 point; the Russell 3000 Index closed at 2,370.67  with a loss of –0.043% percent or –1.03 point; the Russell 1000 Index closed at 2,221.30 up with +0.0087% or +0.19 point.