Fed Revises FX Survey Report After Electronic Broking Glitch
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The Federal Reserve has issued a revised version of its results for the recent central bank survey of the foreign exchange market, officials confirm, after a broker and an electronic broker reportedly pointed out errors in the Fed's computation of automated broker transaction volume in the U.S.
Fed economist John Kambhu, who helped compile the survey report, says that the revision reduces by about 25 per cent the amount previously recorded for automated broking volume, causing changes to the
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