The US dollar was pushed lower against other major currencies in Tokyo trading, as traders prepare for today's release of the German IFO survey, dealers said. Investors' appetite for the euro is improving because of recent better news from the euro zone and expectations that the IFO will provide further evidence of a turnaround in the euro-zone economy, market watchers said. At 12.40 pm (0340 GMT) here, the euro was quoted at 1.2298 usd, compared to 1.2290 usd nearly two hours earlier in Sydney and 1.2269 in late New York trading. The dollar was at 109.94 yen, compared to 110.24 yen in Sydney and 110.17 in New York. The dollar also came under pressure on concerns that high crude oil prices may jeopardize the US economy, dealers said. On the New York Mercantile Exchange overnight, crude for October delivery rose to a high of 67.40 usd a barrel before closing at 67.32 usd, up 1.61 usd or 2.5 pct. "It looks like that the market has started to price-in a slowdown of the global economy, stemming from surging crude oil prices, and as the symbol of the most recent global economic growth, the dollar has become the target of selling," said Osamu Takashima, chief forex analyst at Bank of Tokyo Mitsubishi. A set of weak economic data also weighed on the US currency, as durable goods orders for July fell 4.9 pct after a 1.9 pct rise in June, dealers said. "But given widely-spread interest rate differentials between the US and the euro zone, it is hard to think the run-up of the euro will be sustained," Takashima said. Against the Japanese yen, the dollar also eased, owing to concerns about the prospects for the US economy given high crude oil prices, dealers said. "But as any economic problem in the US can have spill-over effects on the Japanese economy, selling of the dollar against the yen on this issue will not last long," Takashima said.