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

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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

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NOK Edges to the Better Into the WMR Fix