Daily outlook for NOK: UniCredit

Quotes from UniCredit Research:

-NOK: Oil continues to show some signs of bottoming out and this is already benefiting the NOK, which has rallied against both the USD and the EUR so far in February.

As long as this trend in oil continues, we expect further support for the currency going forward.

-Today, December Industrial Production will be released; we think that if it comes in weak, markets will be inclined to shrug it off as "old news".


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