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The NOK is the worst performer in G10

USD
  • The NOK is now the worst performer in G10 against the Dollar, down over 1% on the Day, and USDNOK is now up 2.62% from just Friday's low.
  • Price action in Oil has been more of a two way today, but WTI still remains closer to this Year's lowest levels, but the price action in the Nokkie is more of a function of the Dollar, with the latter taking its cue from the push higher in Yields.
  • Initial resistance in USDNOK is seen up to 10.8900.

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