The dollar fell from almost a four-month high as crude oil prices and other commodities halted a slump.

The greenback slipped a third day, its longest streak of losses in two months. Speculation cooled that the Federal Reserve is close to consensus to raise interest rates next month, even as central-bank officials struck a positive tone on progress in the U.S. economy. Currencies of commodity-producing nations pared losses linked to weak Chinese trade data.

The Bloomberg Dollar Spot Index slipped 0.3 percent to 1,208.06 as of 2:45 p.m. in New York. The measure touched a four-month high on Aug. 7.

Crude oil prices rose 2.4 percent to $44.92 a barrel in New York after touching the lowest level since March. The Bloomberg Commodities Index added 2.4 percent, snapping a three-day drop.

Source : Bloomberg