Sept. 2 (Bloomberg) -- The dollar rose to the highest level against the euro in almost seven months as oil fell and Federal Reserve rate cuts raised speculation that the U.S. economy will outperform Europe and Asia.
The pound fell to a two-year low versus the greenback on evidence a recession in the U.K. is looming. Australia's dollar fell to the weakest level in almost a year after the country's central bank cut interest rates for the first time since 2001 and said economic growth will slow.
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