The dollar was mixed Tuesday after the Labor Department reported a sharp rise in wholesale prices and retail sales, while investor confidence in Germany slipped in July after an eight-month rise.
Meanwhile, investors turned more optimistic about the U.S. economy after Goldman Sachs Group Inc. and Johnson & Johnson Inc. posted better-than-expected earnings. Signs of an incipient economic recovery have driven investors to pull out of the dollar and shift into riskier assets.
Investors were uneasy after a report showed wholesale prices rising far more than expected last month and the most since November 2007, due partly to higher energy prices.
A separate report showed retail sales posted their largest gain in five months in June, much of that increase from higher gas prices. Prices for gas have fallen sharply since mid-June amid increasing concerns about energy demand, so the higher sales figures may not be sustainable.
In Germany, Europe's biggest economy, the ZEW institute said its monthly index, which measures investors' outlook for the next six months, slipped to 39.5 points this month from 44.8 in June, as worries over bank lending clouded optimism over improving industrial data. Economists had expected a slight increase, or at worst a smaller dip, in the overall index.
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