Dollar rallies to highest in month

THE dollar rallied to the highest in almost a month against the euro after French Prime Minister Jean-Pierre Raffarin joined German Chancellor Gerhard Schroeder in calling for the European Central Bank to cut interest rates.

The US currency also rose to the highest in almost three months versus the yen, after gaining 3.9% since February 12.

It strengthened against the British pound, Swiss franc and South African rand.