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Nok/Sek has since reclaimed the Sek1.0600.......>

NOK
NOK: Nok/Sek has since reclaimed the Sek1.0600 handle with gains extending to
Sek1.0623. Following Friday's strong CPI release attention turns Thursday's
Norges bank meeting. Danske expect the Norges Bank to raise the rate path
opening a door for a September rate hike at roughly even odds (50/50). However,
as this would be consistent with the latest change in market pricing, Danske
think the positive impact on NOK would be fairly limited. That said, they
clearly see the balance of risk skewed towards another hawkish surprise, as
Norges Bank could open the door for a hike as early as June. The Feb3 high
provides near-term resistance at Sek1.0630, opening Sek1.0690 (Mar6 2017 high). 

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