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Euro Slips, Yen Stays Strong

Recession warnings sting, Italian debt gets no love, and the euro's in a funk.

Weak demand at an Italian debt auction is weighing heavily on the euro. [CNBC]

A warning from Standard & Poor's about the rising risk of a double dip European recession isn't helping either. [CNBC]

The Chinese yuan hit a record high as the central bank apparently ratcheted up its inflation fight. [CNBC]

Why is the yen so strong? Because Japan is weak. [WSJ]

The Swiss franc was weaker and commodity currencies stronger as risk appetite improved in Asian trading. [Reuters]

The Chilean peso is on a roll. [WSJ]

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