The dollar fell on Tuesday, approaching a record low versus the euro after economic data painted the U.S. economy in a negative light.

The dollar fell to $1.4948 at 2:44 p.m. in New York from $1.4830 late Monday. It is close to reaching its all time low of $1.4967 which took place on November 23, 2007. The euro began trading in 1999.

Wholesale prices excluding food and energy were up 2.3 percent in January. It was higher than expectations of a 0.4 percent increase from December.

Meanwhile consumer confidence was down in February, according to the Conference Board. It said its index of confidence fell to 75.0 this month, lower than the forecast, from 87.3 in January.

European union