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EUR/NOK plummets to 8.3000 on CPI

FXStreet (Edinburgh) - The Norwegian krone is now sharply appreciating vs. the euro, dragging the EUR/NOK to print multi-week lows near 8.3000.

EUR/NOK depressed by CPI

Spot saw its recent upside trimmed after consumer prices ticked higher during July, with headline CPI at 2.2% on a yearly basis and Core CPI climbing to 2.6% over the last twelve months. The cross is now back to levels last seen in mid/late-June around 8.3000.

EUR/NOK levels to watch

The cross is now losing 0.83% at 8.3043 with the next support at 8.3025 (200-d MA) and then 8.2961 (low Jun.24). On the upside, a break above 8.4440 (high Aug.40 would expose 8.4489 (high Jul.15).

EUR/CHF at daily lows after Swiss data

The EUR/CHF came under soft pressure and hit fresh daily lows at the beginning of the European session following much better than expected Swiss retail sales data.
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EUR still points south – Danske Bank

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