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Bank of Korea may have bought dollars near KRW 1,164 – Dealers

By   || August 6, 2010 at 05:21 GMT
|| 5 comments || Add comment

Well if they did, we can expect them to turn up on the bid in EUR/USD at some early juncture.

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5 Responses to “Bank of Korea may have bought dollars near KRW 1,164 – Dealers”

  1. Francesco on August 6th, 2010 05:38 GMT

    Good day Gerry,

    why they would likely show up on the bid in EURUSD?

    Thanks

  2. zekelogan on August 6th, 2010 05:48 GMT

    They diversify out of the USD according to their preferred ‘basket’ ratios.

  3. zekelogan on August 6th, 2010 05:51 GMT

    How rude of me to forget… Good morning Gerry ;)

  4. Iman on August 6th, 2010 06:28 GMT

    Dowjones reports that they have bought at least $500M.

  5. Gerry Davies on August 6th, 2010 06:30 GMT

    cheers Iman

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