| The US dollar fell from almost a four-month high as commodities from crude oil and gas to copper and gold rebounded from their worst month in four years. The greenback slipped a third day, its longest streak of losses in two months, even as central-bank officials struck a positive tone on progress in the US economy, as traders assessed whether the Federal Reserve will raise interest rates next month. Currencies of commodity-producing nations pared losses.
"The greenback is giving back some of its gains from last week," Minh Trang, a senior foreign-exchange trader at Silicon Valley Bank in Santa Clara, California, said by e-mail. "We had a bounce in commodity prices and a strong showing in Chinese equities overnight. That certainly was a factor."..............................................Full Article: Source
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