The U.S. dollar extended its early slide against most major rivals in early New York deals on Tuesday, despite the releases of positive data on U.S. third quarter GDP and home price index in September.

Data from the Commerce Department showed that economic activity in the U.S. increased by more than previously estimated in the third quarter, primarily reflecting an upward revision to private inventory investment.

The report said real gross domestic product climbed by 2.1 percent in the third quarter compared to the previously reported 1.5 percent increase. The upward revision matched economist estimates.

Home prices in major U.S. metropolitan areas rose by more than expected in the month of September, according to a report released by Standard & Poor's.

The report said the S&P/Case-Shiller 20-City Composite Home Price Index increased by a seasonally adjusted 0.6 percent in September after inching up by 0.1 percent in August. Economists had expected the index to rise by 0.3 percent.

U.S. stocks opened lower amid geopolitical concerns after Turkish fighter jets shot down a Russian warplane near the Syrian border.

The Russian-made SU-24 was reportedly shot down after receiving repeated warnings about entering Turkish air space, although Russia claims the jet remained in Syria for the duration of its flight.

Investors await U.S. consumer confidence index for November, due at 10:00 am ET.

The greenback showed mixed performance in the European session, after being lower in Asia. While the greenback declined against the yen and the euro in European trades, it rose against the pound and the franc.

In early New York trades, the greenback that ended yesterday's trading at 1.0180 against the franc slipped to a 4-day low of 1.0157. The next possible support for the greenback is seen around the 1.00 level.

The greenback fell to a weekly low of 122.36 against the yen, compared to 122.84 hit late New York Monday. The greenback is likely to find support around the 121.00 mark.

The latest flash survey from Markit Economics showed that Japan's manufacturing activity expanded at the fastest pace in twenty months in November, as output growth quickened.

The Markit/ Nikkei Manufacturing Purchasing Managers' Index, or PMI, rose to 52.8 in November from 52.4 in October. A score above 50 indicates expansion in the sector.

Extended early fall, the greenback weakened to a 4-day low of 1.0673 against the euro. The pair was worth 1.0636 when it ended Monday's trading. On the downside, 1.08 is possibly seen as the next support level for the greenback.

Results of a survey by the Ifo Institute showed that German business confidence strengthened unexpectedly in November.

The business climate index rose to 109 in November from 108.2 in October. It was expected to remain unchanged at 108.2.

Reversing from an early high of 0.7185 against the aussie, the greenback eased back to 0.7229. Further weakness may take the greenback to a support around the 0.73 region.

On the flip side, the greenback climbed to a new 2-week high of 1.5066 against the Sterling, as the latter declined after the BoE chief Mark Carney's Parliamentary testimony. The pound-greenback pair finished Monday's trading at 1.5123. The greenback may locate resistance around the 1.50 level.

U.K. interest rates are likely to remain low for some time, Bank of England Governor Mark Carney said at the Treasury Committee hearing.

"One of the concerns in a low prolonged interest rate environment, which we clearly are in, and are likely to remain for some time, even with limited and gradual rate increases - it still will be a relatively low interest rate environment," Carney said.

The U.S. Richmond Fed manufacturing index for November and U.S. consumer confidence index for November are set to be announced shortly.

At 3:30 pm ET, Bank of Canada Deputy Governor Lynn Patterson will give a presentation as part of the bank's regional outreach program at the University of Regina in Canada.

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