Read full post at forexlive.com
Auction Grade : A-
Highlights: For the second auction in a row, the domestic buyers were light but th international buyers were very strong. The bid to cover was higher than the six-month average. There was a negative tail indicative of strong demand as well. The dealers were saddled with less than average.
The weirdness comes from the domestic demand which only accounted for 7.37% of the buyers. That is well below the 18.4% six-month average. It was more than made up by the international demand that 80.47% well above the 65.4% average
This article was written by Greg Michalowski at www.forexlive.com.
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