The dollar edged lower against major counterparts on Tuesday, including euro, yen and pound ahead of the release of U.S. consumer-confidence and home-price data later in the day amid concerns that the economic recovery is slackening after a batch of weaker U.S. data largely blamed on the weather. Later in the session, investors will be looking to U.S. reports on house price inflation and consumer confidence for further indications on the outlook for growth. The latest U.S. data released on Monday showed some economic weakness. While a recent series of disappointing U.S. economic indicators, including reports on jobs growth, retail sales and housing, have sparked concerns that the economic recovery has lost momentum since the end of 2013. The dollar index, which tracks the dollar's movements versus a basket of major currencies, dipped to a session low of 80.09 before consolidating at 80.13 below the opening level of 80.29. The yen advanced the most in more than a week against the dollar amid speculation that depreciating Chinese yuan amid China's central bank efforts to prevent further inflows of hot money and tighten liquidity, will damp global growth, and boost demand for the Japanese yen as a safe-haven currency. Yuan tumbled the most in three years on Tuesday amid bets the People's Bank of China wants an end to the currency's appreciation. Yen jumped 0.14 percent against the U.S. dollar on Tuesday, trading at ¥102.351 after opening at ¥102.486. The USDJPY pair so far hit a session high of ¥102.620 and a session low ¥102.239. Stabilizing below support level of ¥102.153 will confirm further downside. Euro firmed against the U.S. dollar in Europe on Tuesday, extending gains for a third session, still supported by comments from the European Central Bank Governing Council member Ignazio Visco, who said the central bank is ready to consider cutting its deposit rate into negative territory if needed. The euro, meanwhile, was still supported against the dollar after Last session's report showed German IFO business confidence resumed its advance for a fifth straight month in February. While a separate report showed euro-area inflation was faster than previously estimated last month. The low inflation poses a real threat to the Eurozone's recovery trip after the recent gradual progress in economic data. Lower inflation numbers fuels expectations the European Central Bank may have sufficient grounds to lower interest rates or take other stimulus measures. Markets turned their focus on a string of key growth data from Germany, which economic growth unexpectedly accelerated to 0.4 percent in the fourth quarter of 2013 thanks to a rise in exports and capital investment. Final readings also showed the economy grew by 1.3 percent on the year. Euro added 0.12 percent over the dollar so far in the day, last trading at $1.37488 after opening at $1.37312. The pair so far hit a session high at $1.37627 and session low at $1.37287.