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Norges Bank preview: Stick to NOK longs ahead of meeting - Nomura

Analysts at Nomura expect Norges Bank to maintain a positive stance at Thursday’s meeting.

Key Quotes

“While developments since the last meeting have been slightly negative, we do not view them as sufficient to alter the Bank’s view that rates will be raised ‘after summer’. Higher oil prices and looming rate hikes should provide continued support to NOK. With no forecast updates this week, FX reactions may be muted. However, we stick to our NOK/SEK longs and continue to believe that the market is underpricing Norges Bank tightening.”

US Dollar closer to 92.00 ahead of US ISM

The greenback, measured by the US Dollar Index (DXY), keeps pushing higher today and trades at shouting distance from the key barrier at 92.00 the fig
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USD/CHF bid above 0.9670 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s outlook remains positive while above the 0.9670 level. Key Quotes
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