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As the Swiss National Bank is widely expected to lower the benchmark interest rate this week, I expect the CHFJPY to hold within a downward trending channel throughout the week, and may offer profitable opportunities for forex traders.

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HONG KONG, Dec 8 (Reuters) - Hong Kong’s official foreign currency reserve assets stood at $165.9 billion at end-November, the Hong Kong Monetary Authority said on Monday, up 7.2 percent from $154.8 billion at the end of October.

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The Currencies have been underpinned by Asian stock gains as risk appetite increases.

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(last updated on Dec 5 with end-Nov forex reserves) ——————————————————————————-

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MOSCOW, Dec 8 (Reuters) - Russia’s central bank sold $30.1 billion and 2.9 billion euros last month in currency market interventions, the regulator said on Monday. That represents a decrease in foreign currency sales from October, when it sold a net $38.6 billion and 3.4 billion euros. Russia has been selling dollars from its gold and forex reserves to support the rouble.

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* Euro hits 1-week high vs dollar , yen

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HONG KONG, Dec 8 (Reuters) - Hong Kong’s official foreign currency reserve assets stood at $165.9 billion at end-November, the Hong Kong Monetary Authority said on Monday, up 7.2 percent from $154.8 billion at the end of October. Hong Kong, whose currency is linked to the U.S. dollar, ranks as the world’s eighth largest holder of foreign currency reserves after mainland China, Japan, Russia, …

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