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Modest NOK Strength Plays Out Despite Few Fresh Norges Signals

NOK
  • Modest NOK strength coming into play despite no material initial reaction in NOK. Few fresh policy signals from the Norges Bank: "prospects for the Norwegian economy do not appear to have changed materially".
  • EUR/NOK through the day's lows, with weak intraday support at 11.3695 and 11.3665 giving way - putting cross at lowest levels since Jan 16th.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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