Dolar Down Fuelling Commodities

The dollar slumped to a 14-month low against the euro on Wednesday, pushing the price of gold to a record high and crude oil futures above 75 dollars for the first time in a year.

The euro struck 1.49 dollars -- its highest point since August 2008 -- on increased appetite for currencies seen as riskier than the dollar and on prospects for super-low US interest rates in the face of rising economic confidence, analysts said.
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