Dollar hits six month high vs euro
The dollar rose to its highest level since February against the euro on speculation oil prices near a four-month low will support economic growth in the US, the world's largest energy consumer.
The greenback also advanced to its strongest level in more than two years versus the pound as Hurricane Gustav weakened before making landfall in Louisiana.
The pound fell to $1.7851 early Tuesday, the strongest since April 2006. Against the euro it rose as high as $1.4516, its highest since February.
The US currency was bolstered by speculation the Federal Reserve's seven rate cuts in the past year will help the world's biggest economy recover from a slump.
The greenback also advanced to its strongest level in more than two years versus the pound as Hurricane Gustav weakened before making landfall in Louisiana.
The pound fell to $1.7851 early Tuesday, the strongest since April 2006. Against the euro it rose as high as $1.4516, its highest since February.
The US currency was bolstered by speculation the Federal Reserve's seven rate cuts in the past year will help the world's biggest economy recover from a slump.
