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> Central Banks

> Middle Eastern sovereign still buying AUD/USD

Middle Eastern sovereign still buying AUD/USD

Wednesday, 25/05/2011 | 08:36 GMT

25/05/2011 | 08:36 GMT

0

Reports Middle Eastern sovereign has still been actively buying AUD/USD in recent trade. We’re presently up at 1.0490.

I bet they’re buying EUR/USD as well, although I have no confirmation of that as yet.

UPDATE: Real money selling into latest uptick in AUD/USD.

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