Bruised Dollar Hits New 1-month Low; Lagarde Boosts Euro

Bruised Dollar Hits New 1-month Low; Lagarde Boosts Euro
A Euro banknote is displayed on U.S. Dollar banknotes in this illustration taken, on Feb. 14, 2022. Dado Ruvic/Illustration/Reuters
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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.