NEW YORK (CNNMoney.com) -- The dollar was mixed against other major foreign currencies Tuesday as investors welcomed better-than-expected U.S. manufacturing and construction reports, but still feared slower economic growth in China and the European debt crisis.
What prices are doing: The dollar rose 0.4% against the euro to $1.225. Earlier Tuesday, Europe's shared currency reached its lowest level against the dollar in four years, ringing in at $1.2111.
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| Click the chart to view other foreign exchange rates. |
The greenback was down against the Japanese yen at ¥91.17. It was down 0.8% against the the British pound to $1.466.
What's moving the market: After the long holiday weekend, American investors were greeted by a series of rather gloomy international developments Tuesday. A report showing slower economic growth in China and new concerns about the European debt crisis reignited doubts about a global economic recovery.
The combination of China and Europe's bad news initially boosted the dollar's appeal as a safe-haven investment against other foreign currencies, and drove the euro to a fresh 4-year low.
The euro regained some of its ground later in the day, as the stock market rebounded on news that U.S. manufacturing activity grew for a 10th consecutive month in May, according to the Institute for Supply Management (ISM). Meanwhile, a separate report showed construction spending rose 2.7% in April -- its highest jump since August 2000.
What analysts are saying: The manufacturing and construction spending reports boosted confidence that the U.S. economy will continue to perform relatively well, said Boris Schlossberg, director of currency research at GFT Forex. The reports overshadowed signs of instability in Asia and Europe, and increased investors' risk appetite.
That appetite for riskier investments, such as the euro, brought the dollar down from its big gains against foreign currencies earlier in the day.
"Everyone's watching to see if the U.S. economy can maintain its momentum despite all the problems around it," Schlossberg said. "So far, it's passed the first test of the week." 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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