FxWirePro: USD/NOK rebounds from 2-1/2 month low, finds support at 9.0950
The Norwegian Krone declined, retreating from a 2-1/2 month peak as the greenback steadied against a basket of currencies. The dollar steadied after tumbling to a 2-month low earlier in the session on expectations of few…
The Norwegian Krone declined, retreating from a 2-1/2 month peak as the greenback steadied against a basket of currencies.
The dollar steadied after tumbling to a 2-month low earlier in the session on expectations of fewer regulatory reforms and more monetary stimulus under U.S. President-elect Joe Biden. Although, Republicans appear to have retained control of the Senate, though the final makeup may not be clear until runoff votes in Georgia in January.
USD/NOK trades 0.1 percent higher at 9.1393, having touched a low of 9.0949 earlier, its lowest since September 21.
Immediate resistance is located at 9.1811, close above could take it till 9.2095.
On the downside, support is around 9.0694, break below could take it till 9.0371.
