In recent trade. We’re up at 1.3285.
Probably a good guess that Korea bought EUR/USD around same time it reportedly bought AUD/USD, although I’ve received no direct confirmation of that. I did warn of such activity being likely in earlier commentary. It’s hardly rocket science. Kinda follows a pattern of late. If the pattern plays out as of late then the sovereign buying will only lend likes of EUR/USD and AUD/USD temporary support.
