Traders report central bank buying in EUR/USD around present levels, not the first time they’ve been buyers today. Asian central banks were rumored buyers below the 1.3300 level after the barrier there was knocked out late in Asia.
As readers of this site well know, the central banks have been buying EUR/USD for more than 15 cents on the way down, with little to show for it but a lousy average price on a really big long position. Good thing they can just park them in the reserve account and just forget them, a luxury we don’t have… Maybe zz does, but most of us don’t
