NEW YORK, Aug. 4 (Xinhua) -- The dollar was mixed against major currencies on Monday as oil prices tumbled and U.S. consumer spending slowed on rising prices.
The U.S. Commerce Department reported that consumer spending was up 0.6 percent in June, lower than the reading of 0.8 percent in May. When adjusted for the effect of higher prices, consumer spending fell 0.2 percent in June.
The report also showed an inflation gauge tied to consumer spending rose sharply by 0.8 percent in June, the second biggest monthly increase since 1981.
Oil prices touched a three-month low on Monday as Tropical Storm Edouard seemed less likely to disrupt oil and natural gas output in the Gulf of Mexico. It eased some concerns on consumer spending and inflation.
Light, sweet crude for September delivery fell 3.69 U.S. dollars to settle at 121.41 dollars a barrel on the New York Mercantile Exchange.
The euro bought 1.5587 dollars in late New York trading compared with 1.5548 dollars it bought late Friday. The British pound fell to 1.9635 dollars from 1.9739 dollars.
The dollar fell to 1.0479 Swiss francs from 1.0508 Swiss francs, and rose to 108.28 Japanese yen from 107.68 Japanese yen. It rose to 1.0368 Canadian dollars from 1.0271 Canadian dollars.