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EURO-NOK: Rate trades at the highs of the day after outperforming for much of
the session (NOK is the poorest performer in G10 today) as the NOK faces two
major headwinds: oil prices are lower across the board (Brent trades lower by
over 0.5%), and ongoing political uncertainty as opposition parties push for a
no-confidence vote against the government. EUR/NOK has already crossed back
above the 200DMA mark (NOK 9.5297) and now targets the NOK 9.5958 level, marking
the 23.6% Fib retracement of the NOK 9.9939-9.4728 move.