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NEW YORK (

TheStreet

) -- Hmmmm. Can you smell the fear coming from the markets today? Well, the dollar sure can, and the buck breathed it in deep.

The dollar gained against a group of majors as investors bailed on high yielders like equities following an unexpected dip in consumer confidence.

The greenback was gaining at 1.011 Canadian dollars and 1.0748 Swiss francs.

Still, the dollar was also hurt by the same data against the safe-haven Japanese currency, slipping to 94.8750 yen.

Earlier in the day, a

Consumer Price Index report showed prices stayed flat in July from June. With inflation likely in check, the key rate out of the Fed is likely to continue tracking at near zero for the foreseeable future.

But equity investors were in a selling mood after a report on

Consumer Sentiment showed slumping confidence among buyers in July.

Stocks were bit by the news as some investors scrambled away from risk. Some companies leading in the falling down today included

Barnes & Noble

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,

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,

Athenahealth

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,

Monsanto

(MON)

and

Weyerhaeuser

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.

The euro was falling, buying at $1.4177, while the British pound was down at $1.6513.

-- Reported by Sung Moss in New York

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