U.S. dollar rises as stocks, commodities fall

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar rallied from 14-month lows versus the euro on Monday, as riskier assets such as U.S. stocks and commodities fell, prompting investors to lock in recent gains in other currencies. Analysts also said investors felt uncomfortable pushing the euro higher given the huge amount of bearish trades on the dollar, which suggests a near-term recovery in the U.S. currency is on the horizon. "Most major currencies including the euro are running out of steam. Specifically, the euro's earlier rally wasn't really supported by data as we saw the German consumer confidence was actually weaker," said Kathy Lien, director of FX research at GFT in New York. Figures earlier on Monday revealed German consumer sentiment unexpectedly declined for the first time in just over a year going into... [read full story]                    

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