The dollar remained under pressure Tuesday, hitting a fresh seven-month low versus the euro, after a key measure of German business confidence hit a new 15-year high. At 10 a.m. Eastern, investors will scrutinize U.S. March existing home sales and April consumer confidence data. The dollar "remains stuck in a trough and today's US data are unlikely to provide much of an obstacle to dollar bears. Sell into dollar bounces will still likely be the dominant strategy of short-term players," said Marc Chandler, currency strategist at Brown Brothers Harriman, in a note. In early New York trading, the euro was up 0.4% at $1.2420, while the dollar was down 0.1% at 114.57 yen.