The U.S. dollar declined against most major currencies on Tuesday as investors digested the country' s economic data.

U.S. home prices rose 5.8 percent, slightly below expectations for the month of March, according to new data from the S&P/Case-Shiller U.S. National Home Price Index.

The Conference Board Consumer Confidence Index stands at 117.9 in May, down from 119.4 in April and missing market consensus of 119.0.

Moreover, Dallas Fed President Robert Kaplan said on Tuesday that he sees U.S. economic growth to remain near two percent and not the three percent or more forecast by the Trump administration.

"The problem is labor force growth is very sluggish... it's going to continue to be sluggish the next 10 years because the population is aging and labor force growth therefore is slowing," he said.

The dollar index, which measures the greenback against six major peers, decreased 0.17 percent at 97.277 in late trading.

In late New York trading, the euro rose to 1.1186 dollars from 1.1175 dollars in the previous session, and the British pound climbed to 1.2854 dollars from 1.2808 U.S. dollars in the previous session. The Australian dollar increased to 0.7467 dollar from 0.7449 dollar.

The U.S. dollar bought 110.76 Japanese yen, lower than 111.23 yen of the previous session. The U.S. dollar fell to 0.9747 Swiss franc from 0.9748 Swiss franc, and it edged up to 1.3457 Canadian dollars from 1.3447 Canadian dollars.