Strong dollar environment seems to be fading

London

THE dollar repelled an attack by the euro on US$1.15 on Thursday, helped by comments by European Central Bank policymaker Ewald Nowotny, who said it was "obvious" the bank must search for more ways to stimulate the euro zone economy.

The dollar has fallen against the basket of currencies used to measure its broader strength in five of the past six weeks and it lost more ground against the yen and Australian and New Zealand dollars in morning trade in Europe.