EUR/USD extends rally
EUR/USD extends rally
By Gerry Davies || April 6, 2011 at 07:09 GMT
Amid talk of Asian central bank buying. We’re at 1.4290. Protection of 1.4300 barrier option interest next hurdle for euro bulls.
Below some estimates of Asian regional interventions overnight:
Singapore bought around $1.2 bln
Malaysia bought around $700 mln
Korea bought around $500 mln
Philippines bought around $200 mln
Indonesia bought around $100 mln.
Obviously some percentage of those dollars end up being diversified into euros.
|
):
Linear Mode
