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The Central Bank of Norway, the Norges Bank has just surprised a few analysts, by raising their benchmark rate to 4.5%, from 4.25%. This was not entirely unexpected in some quarters though, as the Norges Bank did state previously; that a final rate hike was still on the table. There is inference in this move though and perhaps it will not be wasted on the ECB. Personally I doubt the ECB will dream of following suit later today, as they are surely more focused on the latest moves by the Fed and their own regional issues. That all said, the move by the Norges Bank has helped to lift the EUR/USD back above 1.09 and close to current session highs, at 1.0915. It has also pushed the DAX back down further and now testing the 16,900 handle
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
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