NEW YORK (MarketWatch) -- The U.S. dollar turned higher on Tuesday, reversing an earlier slide, after a report showed consumer confidence unexpectedly declined this month, with an index falling to 47.7 from a revised 53.4 last month. Analysts surveyed by MarketWatch predicted the index would remain near 53.2. The dollar index (DXY 75.99, -0.07, -0.09%) , which tracks the performance of the greenback against a basket of other major currencies, traded at 76.316, compared to 75.890 earlier in the session and up from 76.100 in late trading on Monday. The dollar had been under more pressure in the European trading session as stock markets stabilized, prompting some to move away from the perceived safety of the greenback after a big move higher on Monday. U.S. equity indexes declined after the data, adding to support for the dollar.
