A broadly higher open on Wall Street detracted from the safe-haven appeal of the U.S. currency. Another report on deck is expected to show an improvement in consumer confidence.
"The ebb and flow of the ever-changing risk backdrop influenced price action," said analysts at Action Economics. "The U.S. dollar has come under some modest early pressure."
DXY 77.98, -0.29, -0.37%
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The dollar index (DXY 77.98, -0.29, -0.37%) , which tracks the greenback against a trade-weighted basket of six major currencies, fell to 77.988, down from 78.230 in North American trading late Monday.
The dollar bought 94.64 Japanese yen, down from 94.51 yen on Monday.
The euro (CUR_EURUSD 1.44, +0.01, +0.41%) traded at $1.4348, up from $1.4297 late Monday and reversing a small loss in overseas trading hours.
Bernanke reappointed
Markets took President Barack Obama's reappointment of Federal Reserve Chairman Ben Bernanke to serve a second term in stride
