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Dollar slides to new record lows

This article was originally published in Dairy Markets

Sterling staged a slight recovery in early trading this morning from the 4-1/2 year lows against the euro hit on Wednesday, while the dollar fell to a new record low against the European single currency, the Swiss franc and a basket of currencies. Pressure on the dollar from market expectations of an early interest rate cut was increased by a recovery in equity markets and a slight pick-up in risk appetite.

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