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Overview: The dollar has been sold against nearly all the world's currencies ahead of what is expected to be a dovish Federal Reserve, even if no fresh action is taken. The Scandis and Antipodean currencies are leading the majors. The South African rand and Mexican peso are leading the emerging markets currencies higher, and the JPMorgan Emerging Market Currency Index is stronger for the fourth consecutive session. Equity markets are mostly higher, though, in Asia, China, Hong Kong, and South Korean markets saw profit-taking. Australia, Taiwan, and Australia rallied more than 1%. Europe's Dow Jones