The dollar dropped to a new low Wednesday against the euro, which touched $1.3646 in light year-end trading.

The euro hit a record high against the dollar for the fifth straight business day as the thin trading around the Christmas and New Year’s holidays exaggerated currency swings in the foreign exchange markets.

The dollar’s fall wiped out slight gains in late New York trading Tuesday, when the euro hit $1.3609 after its previous record high of $1.3643 earlier in the day.

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