EUR/USD is down at 1.3350, just above session low 1.3347. There is talk however of buy orders, including Asian central bank interest, now lined up at 1.3330/50. The reports of ACB interest aren’t overly surprising given heavy intervention by South Korea overnight to try and arrest won’s burgeoning strength. They’re said to have bought around $1.5 bln, some of which will most likely be diversified into euros. I’d have a bet Bank of Korea is lined up as buyer in 1.3330/50 area.
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