Home Price News Fears Weaken the U.S. Dollar

London–The dollar dropped to a one-month low against the euro as the market awaited reports expected to show home prices and consumer confidence were falling, Bloomberg reported Tuesday.The dollar declined from $1.5770 late Monday to $1.5818 against the euro in London–the lowest point since April 24.The dollar also weakened against the Swiss franc and British pound when traders reduced speculation that the Federal Reserve–which has offered seven rate cuts since September–would raise interest rates in 2008.