China has been buyer of EUR/USD this morning. I did hear very vague mutterings of an Asian sovereign buying on the dip below 1.2700 but couldn’t get any real confirmation. I’m now getting reports somewhat belatedly that it was China buying. EUR/USD presently at 1.2735.
Getting reports of sell orders layered from 1.2750 all the way up to 1.2800, so any further upside progress should be a grind rather than a sprint.
Meanwhile over in cable land we’re presently at 1.5565, sell orders at 1.5580/00 so far absorbing the buying interest.
