Not sure if this is a sign of anything more than a one-off flow, but traders say a large custodial bank is a high profile buyer of Swedish Krona today. Sweden has been in the spotlight in recent days given large exposures to Latvia by Swedish banks. Perhaps the SEK is a vote of confidence that the Latvian crisis is seen as over by the market. :atvia votes on its budget on Tuesday, a precursor to receiving more IMF/EU aid. What’s good for the SEK is good for the EUR at this stage, for what its worth…
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Real money seen buying SEK
June 12 2009, 7:44pm | Comments »
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Usual suspects rumored buying dips
A US investment bank and the Chinese were rumored buyers on the most recent dip into the 30s and then chasing EUR/USD higher, dealers report. We trade now at 1.3966. Offers are seen in the 1.4030/40 area if we can garner topside momentum.
June 12 2009, 5:09pm | Comments »
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EURJPY buying
Seeing some decent EURJPY buying by various Japanese accounts over the last half hour pushing it back up thru 137.00 and towards yesterday’s highs. Look for 137.30-40 to initially ofer some resistance especially if USDJPY finds it tough to crack 97.60 and EURUSD offers lurking above 1.4090.
June 10 2009, 5:54am | Comments »
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