Dollar retreats as stocks gain

NEW YORK (CNNMoney.com) -- The dollar fell against the euro and the pound Tuesday but gained ground against the yen as global stock markets advanced.

The dollar rallied against its higher yielding rivals in the previous session as investors shied away from risky assets. But demand for the greenback safe-haven evaporated Tuesday as stocks rebounded following a two-day selloff.

Still, investors remain concerned about the fate of troubled U.S. automakers, the forex signals ongoing financial crisis and the U.S. government's monthly unemployment report due Friday.

"These concerns still preside over the market," said Kathy Lien, director o