Euro slips on worries about Cyprus
NEW YORK (AP) — The euro fell slightly against the dollar Tuesday as concerns about the bailout for Cyprus continue to weigh on the currency.
The euro slipped to $1.2858 in late trading Tuesday from $1.2862 late Monday.
Details about the bailout for the bailout have not been decided yet. It's not clear how much money will be taken from depositors with over 100,000 euros in the nation's banks.
Cyprus says it's keeping its banks closed until Thursday, after initially saying they would reopen on Tuesday. Banks have been closed for more than a week to avoid big withdrawals.
In the U.S., The Conference Board says its Consumer Confidence Index fell in March to 59.7 from a revised reading of 68 in February.
The British pound fell to $1.5155 from $1.5182.
The dollar rose to 94.50 Japanese yen from 94.04 Japanese yen and to 0.9483 Swiss franc from 0.9480 Swiss franc.
The dollar fell to 1.0164 Canadian dollar from 1.0216 Canadian dollar.