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PARIS, June 24: The dollar dipped against the euro on Tuesday after weak US housing and consumer confidence readings appeared to dampen expectations the Federal Reserve will raise US interest rates in the coming months.
The single European currency in late-day trade was at $1.5589 after $1.5513 late Monday. The dollar also fell against the yen, dropping to 107.74 from 107.87.
The euro meanwhile managed to resist a negative reading on July consumer confidence in Germany, the eurozone’s largest economy. On the London Bullion Market, the price of gold rose to $889.50 per ounce from $881 late on Monday.—AFP
