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Risk Is On and Dollar's In the Dumps

Risk is in fashion and the U.S. dollar is not, but it's anchors aweigh for the Aussie — time for your Thursday FX Fix.

Low interest rates and the Standard & Poor's outlook change are driving the dollar index to August 2008 levels. [Reuters]

The yuan is hitting a record high against the dollar. [CNBC]

So is the Russian ruble, which has high oil prices as well as dollar weakness on its side. [CNBC]

Even the yen is holding steady against the dollar and the Swiss franc is stronger. [WSJ]

Think the Australian dollar is high? Get used to it. Australia's foreign minister says the country will not "manipulate" its currency. [dailyfx.com]

CURRENCY FUTURES:

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

"Money in Motion Currency Trading" repeats on Saturdays at 7pm.

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