The dollar made yet another serious push at the elusive century mark versus the yen, but was on pause versus its major European counterparts Tuesday in New York as traders digested a slew of economic data and watched stocks snaped back for big losses in the previous session.
Many were also looking ahead to this week's G-20 meeting of world leaders in London, looking for signs of a coherent, coordinated plan to end the lingering global economic crisis.
Here is the US, the Conference Board's consumer confidence index showed a modest rebound in the month of March, although the increase was smaller than economists had been expecting.
While the Conference Board said Tuesday that its consumer confidence index edged up to 26.0 in March from 25.3 in February, economists had been expecting a somewhat more significant increase by the index to a reading of 28.0.
Standard and Poor's released its report on home prices in the month of January on Tuesday, with the report showing continued broad based declines in the prices of existing single family homes.
The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index for January fell 19.0 percent compared to the same month a year ago.
Meanwhile, activity in the Chicago-area manufacturing sector continued to contract in the month of March, according to a report released by the Institute for Supply Management - Chicago on Tuesday, with the index of activity in the sector showing an unexpected decrease.
The report showed that the index of activity in the sector fell to 31.4 in March from 34.2 in February, with a reading below 50 indicating a contraction in the sector.
The dollar rallied versus the yen, rising to 99.15. Still, the buck leveled off before cracking the 100 mark yet again. Only two months ago, the dollar was at a 13-year low of 87.08.
The buck saw choppy dealing versus the euro, peaking at 1.3112 before slipping back to to 1.3250. Overall, the dollar is little changed since the start of 2009 versus euro, having pulled back since hitting a nearly 3-year high of 1.2328.
Against the sterling, the dollar held steady near 1.4300. The dollar rallied versus its Canadian counterpart, rising to 1.2634.
In economic news from around the world, Eurozone annual inflation slowed more than expected in March, adding to concerns of possible deflation and giving room for the central bank to cut rates further. German unemployment increased in March on declining economic activity.
Forecasts issued by the Organization for Economic Co-operation and Development, or OECD, and the World Bank revealed a bleak picture of the global economy in 2009, reflecting the rapid deterioration of global financial and economic conditions.
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