NEW YORK (CNNMoney.com) -- Investors flocked to the dollar Tuesday as global markets tumbled and fears about the health of European banks compounded lingering economic woes.
What prices are doing: The dollar rose 0.06% versus the euro to $1.2186, and it gained 0.04% to $1.5062 against the British pound.
Against the Japanese yen, the greenback lost 0.06% to ¥88.54.
What's moving the market: With the European Central Bank's year-long €442 billion lending program set to expire Thursday, investors worried that the global economic recovery could be derailed if private-sector banks are unable to pay back the central bank.
Fears that they won't be able to repay the money, as well as uneasiness about cutting off funding for banks that have become dependent on the liquidity, shook global markets Tuesday and sent investors to safe havens such as the U.S. currency and government-backed Treasurys.
Investors were also digesting economic data released Tuesday, looking for cues about the health of the U.S. economy.
The Case-Shiller index of home prices in 20 cities rose 3.8% on a year-over-year basis in April after climbing 2.3% in March, beating the 3.4% rise economists surveyed by Briefing.com had expected.
But the positive housing data was overshadowed by a report showing a slump in consumer confidence.
The Conference Board's consumer confidence index fell to 52.9 from 62.7 in May, the lowest level since March and a much bigger drop than the expected decline to 62.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.98%||4.07%|
|15 yr fixed||3.16%||3.24%|
|30 yr refi||3.99%||4.08%|
|15 yr refi||3.18%||3.24%|
Today's featured rates:
Legendary investor Bill Gross has reached an $81 million truce with Pimco, ending a war with the firm he built into the world's biggest bond manager. More
Republicans and the White House have been talking about the next big thing they'll address: tax reform. But their biggest focus seems to be tax cuts. More
For 25 years Miguel Caballero has been outfitting the world's VIPs with his stylish, bulletproof clothing line that shares his name. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
The New York property, which was the first home of the 45th president of the United States, was purchased on March 23 for $2.14 million -- a nearly 54% profit for the previous owner who bought it just month's earlier. More