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Extending broader losses

NOK
  • NOK test new lows against the SEK, EUR and USD, some continuation following the lower inflation data this morning.
  • Some might mention some of the fade in Oil, but WTI is off its low and above $86.00 and would need at test all the way down to $82.80, to close Yesterday's $82.80/85.25 gap, NOK CPI is the main driver for the weakness.
  • Support in NOKSEK is at 1.0061, but market participants will have their eyes on Parity, tested a 0.9995 last Friday, also the lowest print since 29th June.

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