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NOK is strengthening on the back of the....>

EURO-NOK
EURO-NOK: NOK is strengthening on the back of the Norges Bank's 50bp cut,
falling back below the 11.20 level after hitting a high of 11.4542 overnight.
- We are still some way off the psychological 11.00 level and yesterday's
opening level of 10.9056 and remember last week we closed at 10.4579. Still, at
current levels we are set for our bigger weekly move in EUR/NOK ever.

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