NEW YORK, Aug. 19 (Xinhua) -- The dollar fell against major currencies on Tuesday as oil prices rebounded and U.S. stocks fell amid weak economic data and financial worries.

    The U.S. Labor Department reported on Tuesday that its Producer Price Index rose by 1.2 percent in July, much higher than expected. Core prices rose by a higher-than-expected 0.7 percent after stripping out food and energy.

    The Commerce Department reported that housing construction fell to 965,000 housing units at a seasonally adjusted annual rate in July, the lowest pace since March 1991.

    Wall Street dropped sharply on Tuesday for the second consecutive session. The Dow Jones industrial average fell 130 points. Crude oil prices rebounded above 114 dollars a barrel after a rally in heating oil pulled new buyers into energy markets.

    The euro bought 1.4768 dollars in late New York trading compared with 1.4697 dollars it bought late Monday. The British pound rose to 1.8660 dollars from 1.8643 dollars.

    The dollar fell to 1.0927 Swiss francs from 1.0978 Swiss francs, and fell to 109.82 Japanese yen from 110.17 Japanese yen. It fell to 1.0630 Canadian dollars from 1.0640 Canadian dollars.