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Thomson Reuters
May 10 - 07:24 AM
EUR/USD - REFILE-BUZZ-Korea's Big Intervention Will Stiffen EUR/USD Resistance
First appeared on eFXplus on May 10 - 06:10 AM

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  • Suspected USD 1 billion Bank of Korea intervention today (Full Story)
  • The CB is likely to rebalance its FX reserve after, buying USD/majors
  • EUR/USD being the most liquid pair should logically see larger flows
  • BOK joins HKMA and Indonesia, possibly others, intervening to stem USD
  • Indonesia sold USD May 6 nJ9N1Y901K. May intervene in bonds nJ9N1ZS010
  • China's apparent intervention today in stocks ups risk it sells USD/CNH next
  • Central bank interventions will boost dollar , see

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