Dealers note waves of dollar buying from a newly-emergent forex power, a custody bank which has seen its profile explode in recent weeks. They have been big sellers of EUR/USD, AUD/USD and buyers of USD/CAD today, at various juncture. Once they withdraw, you get modest recoveries, until the next wave is unleashed. Recovering stocks markets in the US seem to be shoring up the bid-sdie in EUR/USD at the moment, but that correlation has been weakening of late. EUR/USD changes hands at 1.3192.