LONDON—The dollar hit a fresh one-month low on Tuesday as the euro extended gains while a broad selloff in stock markets failed to boost the U.S. currency’s safe haven appeal.
Against a basket of its rivals, the dollar fell 0.3 percent to 101.79, its lowest level since April 26.
The euro, which was the stand-out gainer on Monday after European Central Bank President Christine Lagarde indicated negative interest rates, a eurozone feature for eight years, will most likely be gone by the end of summer, extended gains.
The single currency was up 0.4 percent at $1.0729 in early London trading as traders cut back some of their short bets after Lagarde said interest rates were likely to be in positive territory by the end of the third quarter….