The yuan traded at a record high against the dollar on Monday after the People's Bank of China set a new peak for the mid-point for the third straight session, suggesting another leg of appreciation is underway.
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The New Zealand dollar touched its highest level in 26 years against the U.S. dollar on Monday, helped by improving fundamentals and global U.S. dollar weakness.
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The euro fell broadly on Monday and slipped to a record low against the Swiss franc, hurt by ongoing worries about the potential for debt restructuring by Greece, with market positioning pointing to chances of a further drop.
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The euro edged up in early Thursday trade, extending its recovery from a seven-week low as commodity prices steadied after weeks of falls, though it is still seen vulnerable due to uncertainty over the Greek debt crisis.
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Dennis Gartman, The Gartman Letter, explains how a strengthening dollar is taking a toll on commodities. He also weighs in on whether Greece will leave the Euro Zone.
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