The dollar fell slightly against the euro on Thursday after a report showed consumer spending in February rose at its slowest pace in a year.

The Commerce Department reported spending rose 0.1 percent, matching analyst expectations. However that was a down from a 0.4 percent gain in January.

Also the Reuters/University of Michigan index of consumer sentiment fell to 69.5 in March compared to 70.8 in February, down more than expected.

The dollar traded at $1.5799 per euro at 5:52 p.m. in New York compared to $1.5779 late yesterday. The U.S. currency was also trading at 99.19 yen compared to 98.25 yen. Meanwhile the euro was trading at 156.75 compared to 157.21.

Michigan European union