The euro and dollar both struck record lows against the Swiss franc in Asia on Monday while gold reached new highs as investors sought safety from debt problems plaguing the European Union and United States.
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The yen and Swiss franc held most of their recent hefty gains in Asia on Wednesday, having outperformed after Moody's cut Ireland's credit rating to junk status, fuelling jitters about the euro zone sovereign debt crisis.
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With the Swiss Franc sitting at a record high against the euro one analyst told CNBC.com that it could be time to bet against the safe haven currency.
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The safe-haven Swiss franc held near a record high against the euro in Asia on Tuesday, benefiting from the ongoing European debt crisis, while the greenback stayed under pressure as other currencies like the Australian dollar squeezed higher.
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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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