US dollar falls sharply across the board


FRANKFURT (MarketWatch) — The U.S. dollar fell sharply against most of its major rivals on Tuesday, as commodity prices and global equities posted gains.

The dollar index (DXY 77.13, -0.89, -1.15%) tumbled to an intraday low of 77.398. The index, which measures the greenback against a basket of six major currencies, fell to 77.474 in recent trading from 77.893 on Monday.

The British pound rose 1% to $1.6509 and the euro gained 0.6% to $1.4418. The dollar fell 0.7% to 92.31 Japanese yen. The sharp dollar weakness propelled gold futures above the psychologically key level of $1,000 an ounce.

By Polya Lesova
Sep 8, 2009, 5:10 a.m. EST

Source: MarketWatch

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