External broker reports(aggregated public sources), Nordea

Nordea

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>EURNOK is now trading just below 11.80, down from a peak at 11.96 yesterday. USDNOK has fallen to 10.86 from 11.15.</li><li>The larger decline in USDNOK compared to EURNOK needs to be seen in light of a broad USD weakening, with EURUSD up from 1.07 to around 1.085.</li><li>The massive NOK rally happened after the publishing of the US CPI figures, with core inflation falling from 4.1% y/y down to 4% while consensus was for no decline. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

EURNOK is now trading just below 11.80, down from a peak at 11.96 yesterday. USDNOK has fallen to 10.86 from 11.15.The larger decline in USDNOK compared to EURNOK needs to be seen in light of a broad USD weakening, with EURUSD up from 1.07 to around 1.085.The massive NOK rally happened after the publishing of the US CPI figures, with core inflation falling from 4.1% y/y down to 4% while consensus was for no decline. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NOK Update: Huge Relief Rally but Will It Be Sustained?