The dollar was somewhat stronger against other currencies, but analysts noted it remains vulnerable to U.S. economic data, expected to confirm consumer spending and property sales are falling. The Conference Board's survey of consumer confidence is expected to have dipped in May to 60.0 from 62.3 in the previous month. "Falling house prices, soaring energy and food costs, and mounting job losses have consumers in a deep funk," said Sal Guatieri of BMO Capital Markets, noting that the University of Michigan's survey showed similar sharp drops in optimism. "Going back three decades, consumer confidence has rarely fallen as much as it has in recent months," he added. That view is going to be exacerbated by an expected deterioration in new home sales, expected to have dipped to an annualised 522,000 unit rate in April from a 526,000 rate in March. "Although affordability has clearly improved and lower interest rates have meant that mortgage servicing costs are not as onerous it is difficult to envisage buyers returning to the market until there is a semblance of stability in house prices," said Mitul Kotecha at Calyon. Meanwhile, the euro was somewhat weaker against other currencies after data showed confidence in the economy dropped in France and Germany. The figures dragged the euro lower, but analysts warned that these may be short-lived ahead of inflation data from Germany's states later today. In the United Kingdom, the pound was weaker across the board after the country's main business lobby warned that the services sector is suffering, with profitability is dropping sharply. The Confederation of British Industry's quarterly survey of the sector showed that levels of business volumes and values remained weak, and neither consumer nor business services firms are positive about business expansion over the coming year. The pound's losses were limited, however, by the wide-spread view in markets that the Bank of England is in no rush to cut interest rates because of the threat of inflation.