Free Trial

Broader base buying

USD
  • NOK is once again the worst performer against the USD, down 0.68%, a function of the broader base USD bid, as risk tilts to the downside.
  • WTI has also settled back towards $116.
  • USDNOK printed a 10.0739 high yesterday, which was the highest print since 22/05/20.
  • This will be seen as the initial resistance, ahead of the next Psychological level at 10.10.

Chart source: MNI/Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.