Oil back up, USD back down
- Another day, another >5% swing in oil prices-this time higher overall.
- That helped CAD and NOK, but no more so than most other majors, as the biggest theme in FX was broad USD weakness.
- EUR managed to be the marginal top performer alongside DKK.
- At least part of that support may have come from central bank flows as the Danish Central Bank cut its deposit rate to -0.75% in defense of pressure on the EURDKK peg.
- That's the fourth cut this ye
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