NEW YORK (AP) - The euro is retreating against the U.S. dollar on worries about debt levels in Europe's most indebted countries.
But the dollar fell against the British pound and the Japanese yen in morning trading in New York.
Analysts say worries persist in currency markets about the ability of Portugal and Ireland to handle their debts.
Marc Chandler of Brown Brothers Harriman says the "problems in the periphery have not lessened."
The euro dropped to $1.4194 in morning trading Tuesday in New York after rising as high as $1.4249 earlier following a European agreement on how to pay for a bigger bailout fund. The euro was worth $1.4226 on Monday.
The European currency reached $1.4282 last November, its highest level since January 2010
