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LONDON (AP) - The U.S. dollar sank against other major currencies in European trading Thursday, dipping below 100 yen for the first time in 12 years and the euro soared above $1.56, while Swiss franc slipped to a record low just above parity. Gold rose, touching $1000 per ounce in New York.
By late morning in Europe, the euro traded at $1.5580, up from $1.5526 late Wednesday in New York. The euro traded as high as $1.5625 earlier in the day. Later, in midday trading in New York, the euro fetched $1.5596.
The dollar fell as low as 99.75 Japanese yen before recovering slightly to 100.52 yen, down from 102.04 on Wednesday.
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