TH: Dollar rises vs most other currencies as US consumer confidence falls, fears about Spain
The dollar is rising against most other currencies after a survey found that U.S. consumer confidence fell in May.
Traders also bought the dollar after retail sales plunged in Spain last month.
The Conference Board, a private research group, said its Consumer Confidence Index fell to 64.9 from 68.7 in April.
In Spain, retail sales fell 9.8 percent in April from a year ago. That's more than double the 3.8 percent drop in March.
The euro fell to $1.2517 in morning trading from $1.2539 late Monday. The British pound fell to $1.5649 from $1.5681. The dollar rose to 0.9604 Swiss franc from 0.9584 Swiss franc.
