The US dollar falls from the highest level in three months and the attention on the growth data

The US dollar extended the decline during the European market on Tuesday against a basket of currencies, within a correction and profit taking after strong gains over two days, recording its highest level in three months, and the US economy later in today awaits the final data for growth during the first quarter of this year and other data on home prices and consumer confidence.

The dollar index is trading by the time 11:35 GMT around the level of 96.07 points from the opening level of 96.53 points, and recorded the highest level of 96.55 points and 95.91 points, the lowest level.

The index yesterday traded higher by about one percent, in the second daily gain in a row, hitting the highest level in three months 96.85 points, reflecting the acceleration of buying the US currency is operations against most currencies, as the US currency is the most stable in the world in light of the sharp volatility in other currencies, especially European currencies the euro and the sterling.

And the US economy later in today awaits several important data, growth in the first quarter and consumer confidence during June.

released by 12:30 GMT final reading of GDP the first quarter, and expected a growth rate 1.0% compared with the previous reading, which recorded a growth rate of 0.8%.

The Standard & Poor's annual of homes prices index expected 5.5% in April from 5.4% in March, and consumer confidence in the economy, CB index measuring consumer confidence will be released during June, and expected 93.2 points from 92.6 points in May.