We lift our EUR/NOK forecasts higher as oil prices continue to collapse and the market is likely to price in two additional 25bp rate cuts from Norges Bank.
We lift our USD/RUB forecasts substantially due to collapsing oil prices and the Russian recession.
We revise our USD/JPY forecasts higher on relative monetary policy and portfolio flows.
We revise our USD/CNY forecasts higher on the back of easing monetary policy and negative seasonal inflows.
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