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The dollar surged to a near 14-year high before pulling back Thursday, clocking up records against a range of other top currencies and skittling emerging markets.It was off its highs as Europe wound down but had earlier pushed its way past more of last year's peaks against the euro to reach $1.0515, with only the March 2015 high of $1.0457 standing in the way of a drive toward parity.The yen had skidded to an eight-month low and China's yuan to an 8-1/2-year low, while the highly sensitive Turkish lira and Indian rupee hit new troughs as warning lights flashed in emerging markets.The yield on Germany's 10-year government bond, the benchmark for the region, fell 2 basis points (bps) to 0.26 percent, while Italy, which has been plagued by its political concerns, outperformed with yields down 5 bps to 2.08 percent.The firm dollar hit most emerging market currencies, with China's yuan nearing the 7 per dollar level for the first time since May 2008 .
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