Amid talk of Asian central bank buying. We’re at 1.4290. Protection of 1.4300 barrier option interest next hurdle for euro bulls.
Below some estimates of Asian regional interventions overnight:
Singapore bought around $1.2 bln
Malaysia bought around $700 mln
Korea bought around $500 mln
Philippines bought around $200 mln
Indonesia bought around $100 mln.
Obviously some percentage of those dollars end up being diversified into euros.
UPDATE: Not surprisingly, China the name in the frame protecting 1.4300.
