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Reuters - 3 hours ago

Norway's interest rate path may ease, but NOK a key factor

RPT-BUZZ-COMMENT-Norway's interest rate path may ease, but NOK a key factor Repeats with changes to first line Sept 19 (Reuters) - Norway's central bank meeting at 0800GMT Thursday and there could be scope to lower the interest rate path and possibly hint at a December cut, but despite a slight improvement the weak NOK will continue to underpin a hawkish Norges Bank stance.
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Reuters - 3 hours ago

Norway's interest rate path may ease, but NOK a key factor

RPT-BUZZ-COMMENT-Norway's interest rate path may ease, but NOK a key factor Repeats with changes to first line Sept 19 (Reuters) - Norway's central bank meeting at 0800GMT Thursday and there could be scope to lower the interest rate path and possibly hint at a December cut, but despite a slight improvement the weak NOK will continue to underpin a hawkish Norges Bank stance.
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Reuters - 2 days ago

A fragile reversal for Norway's crown

BUZZ-COMMENT-A fragile reversal for Norway's crown Sept 17 (Reuters) - A direction change is underway for NOK/SEK but the bullish reversal from the key 0.9500 support point lacks conviction and the market reaction to this Thursday's Norges Bank meeting could be pivotal. Not a classic trend reversal but back-to-back doji candles, Sept. 10-11, set the stage for a move higher and from a 0.9539 one-month low the Viking cross has removed a minimum correction level at 0.9606 and climbed above the 10-d
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Reuters - 3 days ago

Norway's interest rate path may ease, but NOK a key factor

BUZZ-COMMENT-Norway's interest rate path may ease, but NOK a key factor Sept 16 (Reuters) - Norway's central bank meets this week and there could be scope to lower the interest rate path and possibly hint at a December cut, but despite a slight improvement the weak NOK will continue to underpin a hawkish Norges Bank stance. Falling interest rates at the European central bank and Bank of England and an expected rate cut from the U.S.
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Reuters - 6 days ago

Looking for value in the Viking cross

BUZZ-COMMENT-Looking for value in the Viking cross Sept 13 (Reuters) - The decline in NOK/SEK since May's 2024 high of 1.0125 is nearing a key support point and, with interest rate differentials still favouring the NOK, a bullish opportunity may present itself in the coming sessions. Apart from a brief dip below the support level in December 2023, the 0.9500 support point has held the market since November 2020. A drop to 0.9505 in early August found bids and the subsequent rebound took the Viki
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Reuters - 1 week ago

Norway companies see growth, but wide differences, central bank survey shows

UPDATE 1-Norway companies see growth, but wide differences, central bank survey shows Adds quote, currency, detail in paragraphs 3-6 OSLO, Sept 12 (Reuters) - Norwegian companies expect overall economic activity to increase somewhat in the second half of 2024 but expectations for the third quarter have been revised down slightly since June, a central bank business survey showed on Thursday.
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Reuters - 1 week ago

US dollar mixed after inflation report supports smaller Fed rate cut

FOREX-US dollar mixed after inflation report supports smaller Fed rate cut US core inflation rises 0.3% in August US dollar hits three-week high versus Swiss franc Dollar falls to lowest level since late December Fed funds futures lower odds of 50-basis-point cut this month Updates as of 3:27 p.m. ET/1927 GMT By Gertrude Chavez-Dreyfuss and Chibuike Oguh NEW YORK, Sept 11 (Reuters) - The U.S.
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Reuters - 1 week ago

NOK bears could re-group ahead of the Norges Bank meet

BUZZ-COMMENT-NOK bears could re-group ahead of the Norges Bank meet Sept 11 (Reuters) - The Norwegian crown hit a new short-term trend low point versus the euro on Tuesday, but the subsequent recovery from 11.9940 to 11.9440 into the close could be the precursor to a deeper pullback in EUR/NOK. Widening interest rate differentials, in the NOK's favour, have done little to improve the currency's position, and a 3.25% depreciation since Aug.
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Reuters - 1 week ago

Far less inflation to influence currencies in future

BUZZ-COMMENT-Far less inflation to influence currencies in future Sept 10 (Reuters) - There is less inflation to influence currencies in the future which will allow central banks to embark on much anticipated easing cycles. It will also relieve pressure on many currencies of nations dependent on energy imports that were severely impacted by the surge of inflation that resulted in a global tightening cycle.
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Reuters - 1 week ago

Norway's August core inflation eases to 3.2% as expected

UPDATE 1-Norway's August core inflation eases to 3.2% as expected Adds detail on currency, background in paragraphs 3-6 COPENHAGEN, Sept 10 (Reuters) - Norway's annual core inflation rate eased in line with market forecasts in August, Statistics Norway (SSB) data showed on Tuesday, supporting expectations that interest rates may begin to decline later this year or early in 2025. Core inflation, which strips out changing energy prices and taxes, stood at 3.2% year on year, down from 3.3% in July
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Reuters - 2 weeks ago

A dollar on the defensive brings relief to policymakers globally

RPT-GRAPHIC-A dollar on the defensive brings relief to policymakers globally Repeats story published on Monday with no changes to text By Alun John and Karin Strohecker LONDON, Sept 2 (Reuters) - The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to economies that have suffered under the weight of dollar strength.
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Reuters - 2 weeks ago

A dollar on the defensive brings relief to policymakers globally

RPT-GRAPHIC-A dollar on the defensive brings relief to policymakers globally Repeats story published on Monday with no changes to text By Alun John and Karin Strohecker LONDON, Sept 2 (Reuters) - The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to economies that have suffered under the weight of dollar strength.
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Reuters - 2 weeks ago

A dollar on the defensive brings relief to policymakers globally

GRAPHIC-A dollar on the defensive brings relief to policymakers globally By Alun John and Karin Strohecker LONDON, Sept 2 (Reuters) - The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to economies that have suffered under the weight of dollar strength. The dollar's downtrend, which has long been anticipated, is driven by expectations that the U.S.
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Reuters - 2 weeks ago

Oil throws FX traders a lifeline ahead U.S. rate decision

BUZZ-COMMENT-Oil throws FX traders a lifeline ahead U.S. rate decision Sept 2 (Reuters) - Lower oil prices , which will make it easier for the U.S central bank to lower interest rates, may come to the rescue of FX traders who sold a lot of dollars only to see the currency rise as the September 18 rate decision approaches. The dollar index jumped from 100.51 to 101.79 at the end of August after its drop which fell short of last year's low at 99.55, and the 200-WMA at 100.33, became stretched belo
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Reuters - 1 month ago

Norge Bank has high threshold for currency intervention, governor says

Norge Bank has high threshold for currency intervention, governor says ARENDAL, Norway, Aug 15 (Reuters) - Norway's central bank has a high threshold for currency interventions and the effects of any such actions are often short-lived, Norges Bank Governor Ida Wolden Bache told a press conference on Thursday. Reporting by Gwladys Fouche, editing by
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Reuters - 1 month ago

Cheaper oil may grease wheels of future EUR/USD rally

BUZZ-COMMENT-Cheaper oil may grease wheels of future EUR/USD rally Aug 15 (Reuters) - Cheaper oil which favours importers like the euro zone while undermining economies of exporters such as the United States may grease the wheels of a future EUR/USD rally . Traders have long been inclined to buy euros - betting on a rise for the vast majority of the past two years - have been frustrated by the pair's inability to sustain a break out from recent ranges - largely 1.05-1.10. A drop in the price of
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Reuters - 1 month ago

Norway's July core inflation rate eases as expected

UPDATE 2-Norway's July core inflation rate eases as expected Adds food prices in 3rd paragraph, headline inflation, background in paragraphs 3, 7-8 OSLO, Aug 9 (Reuters) - Norway's annual core inflation rate eased in line with expectations in July, Statistics Norway (SSB) data showed on Friday, supporting the central bank's view that interest rates may start to decline in the early part of next year.
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Reuters - 1 month ago

Norway's crown, the rate cut spoiler

BUZZ-COMMENT-Norway's crown, the rate cut spoiler Aug 7 (Reuters) - Norwegian inflation has been falling since May 2023 but the Norges Bank has maintained a hawkish policy bias and there is a possibility that interest rates may be raised one last time because of weakness in the crown. Versus the EUR, the NOK is trading above its 2024 low point, 12.1320, and strongly above the May 2023 12.3020 low, a stand-out level since the COVID 13.2065 EUR/NOK peak.
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Reuters - 2 months ago

Bullish on Norway's crown? Consider NOK/SEK plays

BUZZ-COMMENT-Bullish on Norway's crown? Consider NOK/SEK plays July 29 (Reuters) - Early indications suggest that Norway's crown could have a better week and possibly at the cost of a weaker Swedish crown. A steady climb in EUR/NOK since late June and sticky Norwegian inflation has forced the Norges Bank to maintain a hawkish stance, which has helped slow the crown's depreciation.
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Reuters - 2 months ago

There could be a sharp shock coming for EUR/NOK

BUZZ-COMMENT-There could be a sharp shock coming for EUR/NOK July 24 (Reuters) - A fall in the oil price and possibly an overreaction to softer Norwegian inflation data has seen the crown weaken significantly versus the euro in recent weeks but the move is beginning to look overdone. From a technical perspective the steep upswing in EUR/NOK since the middle of June, a 6.5% gain, risks toppling over.
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