U.S. dollar falls to 2009 low vs euro

The U.S. dollar sank to its lowest this year against the euro on Monday as a rosy global economic outlook fueled buying in stocks, helping lift gold above $1,000 an ounce and oil to more than $70 per barrel.

The U.S. currency, seen as a safe haven in times of uncertainty, tends to fall when investors' risk appetite increases.

Renewed concerns about the status of the dollar as the world's reserve currency sparked by a United Nations agency report on Monday and news out of China expressing concern about printing money to fund Treasury purchases have also weighed on the dollar. For the UN report, click on [ID:nL7696421]

"The dollar has been beaten down by several news headlines -- with the UN report and the China news," said Jacob Oubina, currency strategist, at Forex.com in Bedminster, New Jersey.