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20:39 FOREX: Fed Custody Holdings Hit New Record High San Francisco, March 20. It must be argued that aside from the threat of intervention, the massive shift into the USD from central banks, as reflected in Fed custody holding data, continues to be a factor behind the USD rebound. Fed custody holdings for the week of March 19 have risen $11.492 bln or over $2 bln per trading day to take custody holdings to fresh record highs of $2.173 tln. Fed custody holdings have now risen by $115 bln since the week of January 9th just before the shift back to the USD became quite evident and aggressive. Average holdings rose $17.282 bln to $2.168 tln.
In the latest reserve data, Russian announced that reserves rose $7.6 bln the week of March 14 to new record highs of $502.1 bln. India"s forex reserves rose by $2.225 bln the week of March 7th to $303.46 bln, and new record highs.