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NOK dived across the G10 currency board in......>

NOK
NOK: NOK dived across the G10 currency board in early Asia-Pac trade, with no
new headlines driving the move. WTI has ticked lower, slightly pressured by
reports stating that the Trump administration will again issue Iran sanctions
waivers, but this has failed to affect the broader commodity-tied FX space as of
yet.
- USD/NOK peaked at NOK8.7787 and eased off somewhat, now trades at NOK8.7690,
~175 pips better off. The rate has taken out Jun highs of NOK8.7596 in the
process. Consolidation above this level opens the psychological NOK8.8000
figure, which capped gains several times this year.
- EUR/NOK sits at NOK9.7827, ~200 pips higher. Bulls look to the NOK9.8000 mark,
bears target Tuesday's high of NOK9.7731.

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