It may well be that it is the leveraged players are buying the USD against the EUR and the GBP but it is the real money brigade who are still buying USD/Asia in significant size as they exit from emerging market assets, in case of the worst. USD/KRW is back at 1180 this morning and that is setting the tone in the other major USD pairs, with EUR/USD back below 1.3500 again.
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USD/Asia staying well bid
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