NEW YORK (CNNMoney.com) -- The dollar slumped against major currencies Tuesday as a rally in global markets lifted the euro, limiting demand for the safety of the U.S. currency.
What prices are doing: The dollar fell 0.6% versus the euro to $1.2623 and dropped 0.4% against Japanese yen to ¥87.515 .
Meanwhile, the greenback edged up 0.1% against the British pound to $1.5157.
What's moving the market: The euro benefited from an uptick in global confidence as European markets surged early Tuesday.
U.S. stocks seesawed erratically throughout the session, but all three major indexes -- the Dow, S&P 500 and Nasdaq -- ended the day higher, breaking eight-month lows reached in Friday's session.
The dollar, viewed as a safe haven and typically attractive during times of economic uncertainty, weakened as investors turned to riskier assets.
After a dismal past week of economic data, investors were bracing for fresh cues about the health of the economy.
The Institute for Supply Management's index on the services sector of the economy was released after the start of trading. The index fell to 53.8 in June from 55.4 in May. Economists surveyed by Briefing.com expected it to fall to 55. Any reading above 50 indicates expansion in the sector. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
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