All i’ve heard this morning is heavy selling from around 0700GMT from funds, Real money, US and Swiss names.
That was from around 1.0745/50, and barring a small dip to 1.0732, we’ve just gone the other way. I’m putting it down to strong cross demand elsewhere, particularly in AUD/JPY which has seen some pretty aggressive buying o/n to fresh 6 mth highs, as well as some persistent selling in the EUR/AUD
Still trying to find out exactly who’s buying it . We touched 1.0775 just now and there’s offers from 1.0780 up to the 1.0800. Buy stops are in place on a break of 1.0800.
We’re at 1.0769 just now
