Thursday, 18 October 2012

Heard china sold the eurusd down!

Hitting a low of 1.3083. The other Asian central banks that have been defending their currencies are recycling the usd purchase to euro.

They are now bidding the eurusd at 1.3080. If that give way, we will then see lower levels in eurusd. For now it's still rangy

2 comments:

  1. from what level? is the source very reliable? because it usually goes down when they do

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  2. It was just above 1.3100. Heard from several people. So I guess it should be fairly reliable. We actually didnt move up much higher.

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