NEW YORK -- The dollar rose against major currencies on Tuesday as crude oil prices dropped and U.S. consumer confidence halted a six-month slide in July.
Crude oil prices fell on concerns about falling demand in the United States, the biggest consumer of energy. Light sweet crude for September fell 2.54 dollars to 122.19 dollars a barrel on the New York Mercantile Exchange. It reached a session low of 120.42 dollars, its lowest level since May 6.
The Conference Board said its monthly consumer confidence index rose to 51.9 in July, the first increase since December. The index was still hovering near its lowest level in years, but the unexpected rise soothed worries about the U.S. economy.
The euro bought 1.5586 dollars in late New York trading compared with 1.5752 dollars it bought late Monday. The British pound fell to 1.9794 dollars from 1.9948 dollars.
The dollar rose to 1.0452 Swiss francs from 1.0331 Swiss francs, and rose to 108.10 Japanese yen from 107.41 Japanese yen. It rose to 1.0250 Canadian dollars from 1.0230 Canadian dollars.
Crude oil prices fell on concerns about falling demand in the United States, the biggest consumer of energy. Light sweet crude for September fell 2.54 dollars to 122.19 dollars a barrel on the New York Mercantile Exchange. It reached a session low of 120.42 dollars, its lowest level since May 6.
The Conference Board said its monthly consumer confidence index rose to 51.9 in July, the first increase since December. The index was still hovering near its lowest level in years, but the unexpected rise soothed worries about the U.S. economy.
The euro bought 1.5586 dollars in late New York trading compared with 1.5752 dollars it bought late Monday. The British pound fell to 1.9794 dollars from 1.9948 dollars.
The dollar rose to 1.0452 Swiss francs from 1.0331 Swiss francs, and rose to 108.10 Japanese yen from 107.41 Japanese yen. It rose to 1.0250 Canadian dollars from 1.0230 Canadian dollars.
