Dollar falls to three-month low against euro

The US dollar has fallen to a three-month low against the euro, amid fears that talk of an American economic recovery has been overplayed.

The US dollar has fallen to a three-month low against the euro, amid fears that talk of an American economic recovery has been overplayed.

The dollar dropped to $1.18 in London morning trading - within sight of the all-time low of $1.19 - before rebounding somewhat to $1.17.

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