India, Feb. 25 -- The U.S. dollar shed ground on Tuesday on data showing a deterioration in U.S. consumer confidence, and concerns about the potential impact of tariffs on global economic growth.
A report from the Conference Board showed a significant deterioration by U.S. consumer confidence in the month of February. The Conference Board said its its consumer confidence index plunged to 98.3 in February from an upwardly revised 105.3 in January.
Economists had expected the consumer confidence index to dip to 103.0 from the 104.1 originally reported for the previous month.
On the tariff front, U.S. President Donald Trump said, "The tariffs are going forward on time on schedule," referring to the levies on Canada and Mexico.
Trump also s...