EUR/USD/Flows and Orders

EUR/USD: Sovereign names still buying dips below 1.2900

The amounts are not particularly large but for the last three days there have been reports of Asian Sovereign names buying EUR/USD below 1.2900. If you were to speculate that it might have something to do with the large USD/SGD and USD/HKD buying of the last few weeks, with Central Banks now diversifying out of those USD purchases, then you might well be on  to something 🙂

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