Dollar turns broadly lower vs. rivals after U.S. data

The U.S. dollar turned broadly lower against the other major currencies on Tuesday, after a flurry of U.S. data painted a mixed picture of the strength of the country's economic recovery. 

During U.S. morning trade, the dollar was lower against the euro, withEUR/USD advancing 0.80% to 1.3141. 

The euro came under pressure earlier, after data showed that the German ZEW economic sentiment index dropped to 36.3 in April, from a reading of 48.5 the previous month, compared to expectations for a fall to 42.0. 

The euro zone ZEW economic sentiment index declined to 24.9 this month, from 33.4, compared to expectations for a reading of 31.5. 

A separate report showed that euro zone consumer price inflation remained unchanged at an annualized rate of 1.7% in March, in line with expectations, while core CPI rose to an annualized rate of 1.5% last month, from 1.3% in February, beating expectations for a rise to 1.4%. 

The greenback was also higher against the pound, with GBP/USDadding 0.17% to 1.5312. 

Official data earlier showed that U.K. CPI remained unchanged at an annualized rate of 2.8% in March, in line with expectations. 

A separate report showed that producer price inflation input fell 0.1% last month, less than the expected 0.2% decline, after a 2.8% increase. 

Elsewhere, the greenback was higher against the yen, with USD/JPYjumping 1.15% to trade at 97.92, but lower against the Swiss franc, withUSD/CHF dropping 0.57% to 0.9257. 

The greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD slipping 0.28% to 1.0223,AUD/USD gaining 0.43% to 1.0358 and NZD/USD rallying 0.95% to 0.8485. 

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.39% to 82.17. 

In the U.S., the Census Bureau said building permits rose by 0.902 million in March, less than the expected 0.940 million increase, after a 0.968 million rise the previous month. 

The report added that housing starts in the U.S. rose by 1.036 million units last month, beating expectations for an increase of 0.930 million, after a 0.986 million rise in February. 

Separately, official data showed that core CPI in the U.S. rose 0.1% in March, disappointing expectations for a 0.2% increase, after a 0.2% rise the previous month 

CPI, including food and energy, fell 0.2% last month after a 0.7% rise in February, compared to expectations for a 0.1% gain. 

In addition, the Federal Reserve said industrial production in the U.S. rose 0.4% in March, beating expectations for a 0.2% gain, after a 1.1% increase the previous month.

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