Dollar Falls After Disappointing US Economic Data

By: AP
By: AP
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NEW YORK (AP) -- The dollar is falling against most other major currencies after U.S. consumer confidence slipped in April and home prices fell in February.

The Conference Board said its Consumer Confidence Index was at 69.2 in April, down from 69.5 in March. Economists were expecting an increase to 70.

The Standard & Poor's/Case-Shiller home-price index shows that home prices fell in February from January in 16 of the 20 cities it tracks. A sign that the housing market is still struggling to recover.

The euro is trading at $1.3203 midday Tuesday, up from $1.3144 late Monday.

The dollar is also falling against the British pound, the Swiss franc and the Canadian dollar. It's rising against the Japanese yen.

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