Dollar falls

Posted by 7Star Wednesday, May 6, 2009

The dollar fell against major currencies on Monday as a rally in US stocks and hopes that the worst of the global economic crisis could be over eroded the greenback's safe-haven appeal. The euro rose to a one-month high above $1.34 after economic data pointed to stabilisation in US home sales and construction. The improved appetite for risk also pushed the Australian dollar to a seven-month high against the dollar.

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