Dollar near multi-year peak as euro hangs in the balance

Concern over economic growth last week drove the dollar to its worst performance in more than four years.

SYDNEY: The dollar was on the cusp of reaching its highest in nearly 13 years against a basket of currencies on Tuesday, with the euro pinned down by expectations of aggressive policy easing from the European Central Bank.

The dollar index stood at 100.200, having come within a whisker of the March peak of 100.390. A break there would take it to highs not seen since April 2003.