0931 GMT [Dow Jones] EUR/NOK spiked from around 8.13 to a fresh day high of 8.1550 after Norway's 4Q mainland GDP was revised lower to 0.5% from 0.6%, and 1Q GDP growth remained below trend at 0.5%, vs 0.6% forecast. NOK/SEK buying could be a driver for the NOK recovery, with that cross bouncing off 1.1090 to print a fresh 9-month high of 1.1139. EUR/NOK now trades at 8.1265, nearest support is 8.0990, resistance pegged at 8.17. gary.stride@wsj.com
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(END) Dow Jones Newswires
May 20, 2014 05:31 ET (09:31 GMT)
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