EUR/NOK erases daily losses

FXStreet (Córdoba) - EUR/NOK bounced off lows and trimmed intraday losses as the Norwegian krone weakened in tandem with oil prices. EUR/NOK bounced off a daily low of 8.4250 Thursday and erased almost completely intraday losses during the European session, climbing back to the 8.4580 zone.

EUR/NOK has been correcting lower over the last days after hitting a 5-year high of 8.6778 last week, lifted by oil prices slump, but the 8.4120 has offered strong support so far.

As for USD/NOK, the pair shows a similar picture, having rebounded from a low of 6.7530 to trade little changed on the day around 6.7900.