Thursday, May 17, 2012
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FOREX-U.S. dollar rises as investors trim bearish bets

The U.S. dollar climbed across the board on Monday, hitting a near two-week high against the yen, as investors scaled back massive short positions ahead of a Federal Reserve decision on interest rates this week. >>

* Dollar/yen climbs to near two-week high

* Dollar gains broadly, traders trim shorts ahead of Fed

* Sterling falls after BoE report

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