The dollar fell to an eight-month low against a basket of currencies on Monday, extending losses against European currencies and the Australian dollar as concerns mounted about the U.S. economy and the trade gap. An unexpected rise in the German Ifo business climate index also helped the euro, analysts say. The dollar has been under pressure as rising oil prices raised concerns about the outlook for the U.S. economy at a time the country needs to attract capital to finance its growing current account deficit. "The dollar is coming under pressure from a number of factors -- oil prices are still moving higher, gold is moving higher, reducing risk appetite which will slow down portfolio flows to the U.S. and make it harder for the U.S. to fund its deficit," said Ian Stannard, currency strategist at BNP Paribas. "The Ifo was much stronger than expected and provided the euro with some support." By 0810 GMT the euro had risen three quarters of a percent to $1.2797 , its highest since mid February. It is now within 1-1/2 cents of a record high set in February. The dollar index fell to 84.93 <=USD>. Against the Australian dollar the greenback fell one percent to a six-month low of US$0.7476 . The Swiss franc rose one percent on the day to 1.1971 , its highest in eight years.|||