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Forex Trading News - Asian Trading News

Written June 17, 2008 at 2:43 AM EST by Greg Michalowski 

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  • The Bank for International Settlements reports that FX trading in Asia has dollar settlement risk.
  • Japan’s former currency official Wantanbe spoke again tonight about intervention, commenting that it is not urgent, but adding that non-joint intervention would have a "muted impact."
  • Unconfirmed reports are crossing the wires in regards to FX authorities intervening in the market by selling $1Billion USD and buying the Korean Won.
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