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Oil and rate spec drive EUR/NOK above 8.70

Monday, March 16, 2015 2:30 PM UTC

Source: Thomson Reuters

EUR/NOK rises above 8.70, oil and rate speculation the drivers
With USD/NOK below recent highs an element of EUR pep too
If pair closes above 8.6980 Mar 11 high, 8.7780 Feb 12 high will be next target
Brent below the 50DMA, 55.00, and testing lower 30DMA Bollinger
Norges Bank up Thurs, market expects 25bp cut but backdrop could argue 50bp drop

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Oil and rate spec drive EUR/NOK above 8.70

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