The dollar fell from almost a four-month high as crude oil prices and other commodities halted a slump.
The
greenback slipped a third day, its longest streak of losses in two
months. Speculation cooled that the Federal Reserve is close to
consensus to raise interest rates next month, even as central-bank
officials struck a positive tone on progress in the U.S. economy.
Currencies of commodity-producing nations pared losses linked to weak
Chinese trade data.
The
Bloomberg Dollar Spot Index slipped 0.3 percent to 1,208.06 as of 2:45
p.m. in New York. The measure touched a four-month high on Aug. 7.
Crude
oil prices rose 2.4 percent to $44.92 a barrel in New York after
touching the lowest level since March. The Bloomberg Commodities Index
added 2.4 percent, snapping a three-day drop.
Source : Bloomberg
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