May 31, 2006	Wednesday	Jumadi-ul-Awwal 3, 1427

LONDON, May 30: The dollar, after staging a brief rebound on the appointment of a new US Treasury Secretary, later fell against the euro here on Tuesday on what investors saw as a worrying decline in US consumer confidence.

The single European currency in late trade was at $1.2875 after $1.2745 late Monday in New York.

The dollar was meanwhile trading at 112.19 yen against 112.66 on Monday.

The headline US consumer confidence index retreated in May from a near four-year high the previous month.

While the decline was a little less sharp than predicted, investors were nonetheless concerned by a plunge in the crucial expectations sub-index, which fell to its lowest level since October.

On the London Bullion Market, the price of an ounce of gold rose to $660.50 per ounce from $642.50 late on Friday.—AFP