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Trades in  the red against all majors

NOK
  • NOK continue to struggle on the back of risk.
  • The currency trades in the red against all majors.
  • The NOK lead losses versus the SGD, USD and CAD, all circa 0.64%.
  • USDNOK resistance comes at 8.8120, the 23.6% short term retracement from the July peak, which was also the highest level since Nov 2020

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