Thursday, 1 November 2012

USD/ASIA are supported by the Central Banks

Some Asian central banks have been buying a lot of USD recently.

Heard USD/KRW is being supported at 1090 level. USD/SGD at just below 1.2200. USD/HKD at 7.7500.

The amount of USD that they bought will have to be recycled. Thats why this week itself, we have seen good buying interest on EUR, AUD, GBP.

I think we will see the same happening when London comes in today.
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2 comments:

  1. Unknown1 November 2012 at 22:21

    heard there are bids nearby at 20 in eurusd from sovereigns. anything on the upside? cable? heard about china lately?

    ReplyDelete
  2. Anonymous4 November 2012 at 23:35

    GM, any info?

    ReplyDelete

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