“The dollar fell to a three-week low against the euro as US home prices tumbled and consumer confidence sank to a five-year low,” reports Bloomberg.

According to the report, the greenback dropped to $1.4882 per euro at 11 a.m. in New York, from $1.4830 yesterday.

The euro was supported by a boost in German business confidence, reports the Financial Times.

February’s Ifo business climate index, which measures industry and trade confidence, rose to 104.1 from 103.4.