There are reports in the interbank market that the German Bundesbank is talking with Australian banks about increasing its AUD-related holdings in a mild reserve-ratio shift. I have no verification that the story is true and the AUD hasn’t reacted at all this morning, with AUD/USD trading in a 10-pip range for most of the morning.
Edit: Looks like this story has been out for a few hours now with little or no impact.
