The dollar fell to within a cent of record lows against the euro and suffered sharp losses against other currencies on Monday on rising oil prices and worries about the U.S. current account deficit. Oil hit another record high above $55 a barrel, fuelling concern about U.S. growth and the U.S. economy's ability to attract investors. A rise in the key Ifo business climate index for Germany also boosted the euro, and euro zone policymakers appeared relaxed about the single currency's five percent rise against the dollar in less than a fortnight. "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." The euro rose one percent to $1.2829 , its best showing since Feb. 18, when it hit a record high of $1.2927. It eased below $1.28 by 1135 GMT.///