US Dollar on dull note

The dollar fell yesterday, boosting the euro after a long time as commodities found ground and eurozone ministers asked Greece's government to cut down on debt by march 16th to stabilise it's economy. Henrik Gullberg, a currency strategist at Deutsche Bank AG in London, said: "The market seems to be driven by improved risk appetite. The euro also gained some ground as some signs emerged that policy makers are warming up to the idea of providing some help to Greece. The market might have gone too far in terms of risk aversion recently.”

The dollar fell to $1.3759 against the euro. The dollar was down 0.8% against the pound to $1.5787. The dollar rose 0.2% against the yen to 90.16 yen.