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Brief respite for ailing dollar

This article was originally published in Dairy Markets

Profit-taking from oil, gold and other commodities ahead of the long Easter weekend has put what is bound to be only a temporary halt to the rout which has taken the dollar to record lows against the euro, the Swiss franc and a basket of major currencies this week, as well as 13-year troughs versus the yen. The dollar edged up broadly in early European trading on Thursday, after dipping again earlier in Far East trading on a light rebound in gold prices and renewed credit market concerns following news of further write-downs at Credit Suisse.

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