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Reuters - 2 hours ago

Month-end FX rebalancing signals from bank models

BUZZ-COMMENT-Month-end FX rebalancing signals from bank models Nov 26 (Reuters) - Banks are starting to release their model driven month-end FX hedge rebalancing expectations and Deutsche Bank is signalling the potential for USD supply. The bank noted that post-election moves in US assets have generated some sizable rebalancing signals on the relative equity performance, with EURUSD demand and USDSEK and USDCHF supply the largest signals within their model.

Reuters - 2 weeks ago

The worst could be behind Norway's crown

BUZZ-COMMENT-The worst could be behind Norway's crown Nov 11 (Reuters) - The U.S. election dust is still settling and USD/NOK is maintaining a bid, but for Norway's crown the worst might now be behind it and there could be scope for USD/NOK and possibly more so for EUR/NOK to retrace some of the gains seen this year. USD/NOK could be the loose cannon for the remainder of 2024 as uncertainty over president-elect Donald Trump's policy changes keeps the dollar on the boil.

Reuters - 2 weeks ago

Lower oil could surprise FX markets

BUZZ-COMMENT-Lower oil could surprise FX markets Nov 11 (Reuters) - Lower oil could surprise FX markets where traders have prepared for the U.S interest rate to remain higher than was once expected and have bought many dollars in accord with this eventuality. Oil has dropped $20/bbl from April's peak and is threatening the highly influential 100-MMA at $69.96, which lies at the base of ranges that have held for over three and a half years Should prices drop convincingly below the 100-MMA, crude

Reuters - 3 weeks ago

EUR/NOK could test the lower end of its weekly range

BUZZ-COMMENT-EUR/NOK could test the lower end of its weekly range Nov 8 (Reuters) - Loss consolidation has been the theme for Norway's crown for the bulk of this year and the longer-term outlook might hold little promise but there could be potential for a recovery into the turn of the year. It has been a strong week for the crown versus the euro having negotiated central bank meetings, a presidential election, and a volatile oil price.

Reuters - 3 weeks ago

Norway keeps interest rate at 16-year high, says restrictive policy needed

UPDATE 4-Norway keeps interest rate at 16-year high, says restrictive policy needed Norges Bank keeps policy rate at 4.50% Rate remains at highest level since 2008 Policy on hold until year-end New rate projections due in December Inflation remains above target Adds governor quote, context and economist comment in paragraphs 5, 7, 10-11, updates currency By Terje Solsvik and Gwladys Fouche OSLO, Nov 7 (Reuters) - Norway's central bank held its policy interest rate unchanged at a 16-year high of

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