FOREX-Dollar near 1-year low as stocks, commodities rise

The U.S. dollar fell to its lowest in almost a year on Tuesday after gains in global stocks fed into renewed risk appetite as trading volume picked up at the end of summer holidays in the United States.

Some analysts said the U.S. dollar may resume seasonal declines as volume increases after a brief period in which the greenback rose following upbeat economic indicators.

A rally in gold prices above $1,000 and concerns over the dollar's long-term status as the world's reserve currency, sparked by a United Nations report on Monday, also undermined demand for the greenback. [ID:nL7696421].

The dollar slumped to its lowest in almost a year against a basket of major currencies while the euro broke above a key options barrier at $1.4450 EUR=, traders noted.