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Thomson Reuters
May 16 - 07:24 AM
EUR/USD - Larger Asia Central Bank Interventions Will Weigh EUR/USD
First appeared on eFXplus on May 16 - 05:05 AM
  • RBI steps up its intervention in USD/INR nL3N1SN245
  • HKMA continues to intervene at 7.8500
  • BI fails to hold USD/IDR but has been intervening
  • USD/THB higher towards 200-DMA, CB likely to slow the rally
  • USD/KRW levels over 1080 may see BOK smoothing USD strength
  • Combined rebalancing a big weight on EUR/USD that is not bouncing

USD/EM chart Click here

Source:
Thomson Reuters IFR Markets

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