XM does not provide services to residents of the United States of America.
E
E

EURNOK


News

Norges Bank's stance to underpin the crown

BUZZ-COMMENT-Norges Bank's stance to underpin the crown Mar 21 (Reuters) - Norges Bank kept to its December script with only a slight revision to its interest rate path at the March meeting. The crown has subsequently moved higher and should continue to draw strength from the central bank's stance. Norway's key rate was held at 4.5% as expected and the indication is that the first rate cut will not be seen before December 2024 .
E
E
U

Norway's central bank governor eyes September rate cut

Norway's central bank governor eyes September rate cut OSLO, March 21 (Reuters) - The Norwegian central bank's rate path indicates that a first rate cut could come in September, Governor Ida Wolden Bache told a press conference on Thursday. Reporting by Terje Solsvik, editing by Gwladys Fouche
E
U

Inflation drop unlikely to alter Norges Bank's stance

BUZZ-COMMENT-Inflation drop unlikely to alter Norges Bank's stance Mar 11 (Reuters) - Norway inflation numbers for February were clear below the Norges Bank's estimates and below the Reuters poll consensus but are unlikely to alter the central bank's position. February core consumer prices rose 4.9% yr/yr versus a 5.3% increase in January. The Norges Bank had forecast a 5.5% return while the Reuters poll had pointed to an unchanged 5.3% rise.
E
E
U

Norway's crown has potential to out perform

BUZZ-COMMENT-Norway's crown has potential to out perform Mar 6 (Reuters) - The forex market is heavily focused on rate differentials and with Norwegian inflation running clear above target the crown should hold an advantage through 2024. The Norges Bank tightened policy in December with an interest rate hike to 4.5%, running counter to the dovish, albeit cautious, holds at the U.S.
E
E
U

Norway's crown at the mercy of central banks

BUZZ-COMMENT-Norway's crown at the mercy of central banks Mar 1 (Reuters) - The oil price is still a major driver but 2024 will also see inflation and central bank interest rate decisions dictating direction for Norway's crown. Norwegian inflation is coming down but not fast enough for the Norges Bank. It is possible that a cut in Norway interest rates will not be seen until early 2025. March 11 sees the release of Norway February inflation numbers.
E
E
U

Dollar on track for first weekly fall in 2024

FOREX-Dollar on track for first weekly fall in 2024 Adds comments, background By Stefano Rebaudo Feb 23 (Reuters) - The U.S. dollar was on track to record i ts first weekly fall in 2024 on Friday, as investors took a breather after almost two months of rises built on subsiding expectations for future Federal Reserve rate cuts. The greenback has bounced this year as strong economic data and warnings from Fed officials the inflation fight was not over supported expectations that rate cuts will be
A
D
E
E
E
E
E
G
N
U
U
U

Dollar on track for first weekly fall in 2024

FOREX-Dollar on track for first weekly fall in 2024 Recasts, adds comments By Stefano Rebaudo and Tom Westbrook Feb 23 (Reuters) - The U.S. dollar was on track to record a weekly fall for the first time in 2024 on Friday, as investors took a breather after subsiding expectations for future Federal Reserve rate cuts drove the greenback up. Meanwhile, the yen sagged and headed for a fourth weekly drop as investors chased better yields just about everywhere else, wagering Japan's rates would stay n
A
D
E
E
E
E
E
G
U
U
U

Norway central bank sees no need for more rate hikes, governor says

Norway central bank sees no need for more rate hikes, governor says Annual speech by Norway's central bank governor Seeks to maintain trust in 2% inflation target Says 'inflation is coming down' Eyes somewhat higher unemployment Core inflation stands at 5.3% y/y, far above 2% target By Terje Solsvik OSLO, Feb 15 (Reuters) - Norway's central bank will not raise interest rates again if the economy develops as expected, Governor Ida Wolden Bache said in a speech on Thursday, but she refrained from
E
U

US dollar rises to three-month high after inflation data, surges past 150 yen

FOREX-US dollar rises to three-month high after inflation data, surges past 150 yen U.S. CPI rises more than expected in January Euro falls to three-month low vs dollar Dollar rises to three-month peak vs yen First rate cut now seen in June Adds new comments, retail sales outlook, FX table, updates prices By Gertrude Chavez-Dreyfuss NEW YORK, Feb 13 (Reuters) - The dollar rose to three-month peaks on Tuesday, after data showed U.S.
A
E
E
E
E
E
E
E
G
U
U
U
B

Inflation data beat doesn't alter the NOK outlook

BUZZ-COMMENT-Inflation data beat doesn't alter the NOK outlook 9 Feb (Reuters) - Norway inflation data for January came in above the Reuters poll consensus and coupled with a pick-up in the oil price has helped lift the crown. However, the inflation rate is below the December return and leaves the NOK vulnerable to faster than expected rate cuts from the Norges Bank.
E
E
U

Norwegian krone vulnerable to 2024's swings in volatility

BUZZ-COMMENT-Norwegian krone vulnerable to 2024's swings in volatility Jan 31 (Reuters) - A key focus for the krone market through 2024 will be global inflation trends and uncertainty surrounding central bank monetary policy, leading to increased market volatility. FX option volatility premiums are near long term lows, but traders see the U.S. political outlook and potential for disruption of international trade, should Donald Trump be reelected as president, driving fresh options demand.
E
E
U

One Riksbank related risk to Sweden's crown

BUZZ-COMMENT-One Riksbank related risk to Sweden's crown Jan 30 (Reuters) - The Riksbank is widely expected to leave Sweden's interest rate on hold at 4% on Thursday, which is unlikely to move the crown, but there is one small risk that would prompt a reaction in the currency. Falling inflation should remove any rhetoric about the need for future rate hikes from the statement, especially given rising unemployment and a stagnating economy amid the dovish ECB outlook.
E
E
E
U
U

Norges Bank rate cut heavily dependent on the NOK

BUZZ-COMMENT-Norges Bank rate cut heavily dependent on the NOK Jan 25 (Reuters) - No surprises from Thursday's Norges Bank interim meeting with the policy message like the December statement; rates will remain high for longer if the crown weakens. December's 25 basis point rate hike to 4.5% has yet to filter fully through to the economy but the central bank accepts that policy is restrictive, the economy is slowing, and the crown is stronger than expected.
E
E
U

Norway's crown should perform this year

BUZZ-COMMENT-Norway's crown should perform this year Jan 24 (Reuters) - Early in the new year, but domestic and external factors should lean in favour of a stronger NOK during 2024. A near 5% recovery versus the euro since November set the tone for a positive start in January and a spike down in EUR/NOK on Jan. 3 shook the NOK bear market. However, volatility in the oil price and a reduction in U.S.
E
E
U

Norway rates seen on hold this week, two cuts eyed in H2

RPT-POLL-Norway rates seen on hold this week, two cuts eyed in H2 Repeats to additional subscribers without changes to text reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=NOINTR%3DECI poll data Rate announcement due on Jan. 25 All analysts predict unchanged rate of 4.50% Median expectation of cuts in Q3 and Q4 OSLO, Jan 22 (Reuters) - Analysts unanimously predict Norway's central bank will keep its key policy interest rate unchanged this week at a 16-year high of 4.50%, a Re
E
U
S

Norway rates seen on hold this week, two cuts eyed in H2

POLL-Norway rates seen on hold this week, two cuts eyed in H2 reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=NOINTR%3DECI poll data Rate announcement due on Jan. 25 All analysts predict unchanged rate of 4.50% Median expectation of cuts in Q3 and Q4 OSLO, Jan 22 (Reuters) - Analysts unanimously predict Norway's central bank will keep its key policy interest rate unchanged this week at a 16-year high of 4.50%, a Reuters poll of 25 economists showed on Monday.
E
U
S

Where does falling inflation leave Norway's crown?

BUZZ-COMMENT-Where does falling inflation leave Norway's crown? Jan 10 (Reuters) - The latest inflation numbers out of Norway suggest prices are falling quicker than the Norges Bank had expected, and as such the focus will switch away from a relatively weak crown (inflationary) and onto the pace of interest rate cuts. Lower interest rates would normally weigh on a currency, but with global inflation heading lower and rate cut cycles in the pipeline for the U.S.
E
E
U

Not the best start for Norway's crown

BUZZ-COMMENT-Not the best start for Norway's crown Jan 3 (Reuters) - On a weakening bias since December 27, the Norwegian crown has extended its fall into January and early indications suggest the squeeze in EUR/NOK could continue. Given the speed and magnitude of the NOK rally between Dec. 13 and 27, a corrective pullback was always a risk and this despite positive fundamental stars aligning.
E
E
U

Stage set for a more significant NOK recovery

BUZZ-COMMENT-Stage set for a more significant NOK recovery Dec 27 (Reuters) - The fundamental and technical stars are aligning for the Norwegian crown and the longer-term outlook suggests EUR/NOK could retrace significantly from its 12.2030 May 2023 high. The backdrop of a hawkish Norges Bank and possibility of a further rate hike in early 2024 contrasts with increasing Federal Reserve and ECB rate cut bets.
E
E
U

Norway's interest rate likely on hold, but uncertainty remains

POLL-Norway's interest rate likely on hold, but uncertainty remains reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=NOINTR%3DECI poll data Rate announcement due on Dec. 14 15 analysts predict unchanged rate of 4.25%, 12 see hike Rates may have peaked, first cut seen in Q4 2024 OSLO, Dec 11 (Reuters) - Analysts are divided over whether Norway's central bank will continue to raise interest rates this week, with a narrow majority predicting an unchanged cost of borrowing, a Reut
E
U
S



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.