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NOK Edges to the Better Into the WMR Fix

NOK
  • Having started the session on a more stable note, oil markets are plumbing new intraday lows through the London close, taking oil-tied currencies with it. Nonetheless, NOK is faring better against both the USD and EUR in recent trade, with EUR/NOK slipping around 0.4% into the WMR fix.
  • The earlier lows at 11.3493 remain in place for now, but weakness through here for the cross would initially target 11.2868 and the week's lows of 11.2614 across the short-term
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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