Around session low 1.2615. We’re presently at 1.2622.
9 Responses to “BIS seen buying EUR/USD”
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AUTOREFRESH 
Why would the BIS (the Boys of Basel) be trying to prop up the EUR? Much better to just let it slide with the market forces and risk flows.
Disclosure: the BIS is standing in the way of my short from really gaining momentum.
50% of all the previous rally , not much of a surprise finding some buying force here.
my guess we will keep hearing similar buying till 2450 level .
They execute orderas for other central banks. There buying could be for any number of central banks for any number of reasons. It’s not as though BIS has an agenda to prop up any thing. They could just be doing it for a central bank looking to diversify a few dollars into euros ala any number of asian/latim american sovereigns who have recently had to buy dollars to weaken their home currencies
Diaa – i’ll get on the phone and let them know !
N,
dont forget to mention my name
Thank you Gerry for the updates keep on the good work !
I second that motion!
And, yes, thank you, that makes sense….everybody wants the “weak currency” these days for exports; hence this is rebalancing the pot.