Central Banks have for sure…
Since 2009-10, the build up has been constant and the geo-political risks have only accelerated the move.
Nikkei has a good roundup of who’s having what.
1296-1307 is a topside range the market is looking at for further clues, I trust it’ll need a fresh (probably bad news unfortunately) impulse to take it through there.
It’s trading around 1290 writing this .
- $CNH living on hopium? Big week for the Yuan this. - January 13, 2020
- A mildly positive risk market on the open? - November 24, 2019
- A huge USD week. This time it’s different, isn’t it? - October 30, 2019