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· The Fed’s attempt at transparency is quickly taming one of the market’s most volatile pieces of event risk. · Dollar traders refocus on the housing sector with a forecasted improvement in existing home sales.

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* Dollar mostly treads water ahead of Fed meeting

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LONDON (Thomson Financial) - The dollar was mostly weaker against other currencies ahead of the Federal Reserve’s monetary policy announcement later on Wednesday, but no change in interest rates is expected.

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The cancellation of Genesis Investment Bank’s foreign currency dealing licence last Friday for illegal foreign currency trades is only but a fraction of what is happening in the banking sector.

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BEIJING -(Dow Jones)- China’s foreign exchange reserves at the end of April totaled $1.76 trillion, Zhang Yansheng, director of the foreign economy research institute under the National Development and Reform Commission, said during a conference Wednesday.

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* Dollar up 0.01 pct vs basket of key currencies

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Doha Bank’s long-term forex ratings upgraded

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InvestTechFX Forex website has recently been updated to a new version providing more extensive information and easy to use platform. InvestTechFX promises to deliver to its users a top performing trading system and high quality service that guarantees large income.

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