MW: Dollar gains ground as consumer confidence hits record low
The dollar regained a bit of ground in morning trade Tuesday, after news that U.S. consumer confidence slumped to a record low in January pressured stocks on Wall Street, fueling safe-haven flows. The dollar index , which tracks the U.S. currency against a basket of six major currencies, stood at 84.744, compared with 84.348 earlier on. The January consumer confidence index fell to 37.7 from an upwardly revised 38.6 in December, the Conference Board said. Economists surveyed by MarketWatch had expected a January reading of 38.
