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16 Mar 2020

Norway: Too early to call the NOK bottom – Danske Bank

A strong response from policymakers over the last days has been seen but for NOK it’s all about global risk appetite and the oil price, according to analysts at Danske Bank. EUR/NOK trades at 11.40. 

Key quotes

“The government’s proposed NOK100bn worth of liquidity support to Norwegian enterprises limits the downside risks to the Norwegian economy significantly, but NOK weakened substantially in the opening hours as a response to the global news flow over the weekend.” 

“We still think it is too early to call the NOK bottom.”

 

Mar 16, 2020

GBP/USD struggles to capitalize on attempted recovery, holds above 1.2300 mark

The GBP/USD pair struggled to capitalize on its attempted recovery move and remained well below the Asian session swing high level of 1.2422. The pair
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Mar 16, 2020

EUR/USD: Mixed picture

EUR/USD has been struggling to recover as Monday's four-hour chart is painting a mixed picture. Yohay Elam, an analyst at FXStreet, examines the pair
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