Free Trial

Some interesting moves in commodity-tied FX...>

FOREX
FOREX: Some interesting moves in commodity-tied FX this morning:
- NOK looks particularly weak and sharply underperforms the rest of G10 (EUR/NOK
hit a new alltime high), with the moves supported by the weaker oil prices this
morning. However, this isn't replicated in CAD, which trades well and sits at
the strongest since July against the USD.
- CAD/NOK has now cleared the 1985 high on today's moves - hitting fresh record
levels.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.