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Dollar in broad retreat from eight-month high

This article was originally published in Dairy Markets

The dollar's surge this month to an eight-month high against a basket of currencies has been checked this week. The greenback rose again on Wednesday following a two-day losing streak, but edged down on Thursday as it was dented by profit-taking and a recovery in oil prices. The euro/dollar edged up 0.3% to €1 = $1.4783, staying above the six-month low of €1 = $1.4630 hit on Tuesday, but the European single currency was still 8% below its record peak of €1 = $1.6040 hit a little over a month ago.



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