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EURNOK

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Reuters - 2 weeks ago

The worst could be behind Norway's crown

BUZZ-COMMENT-The worst could be behind Norway's crown Nov 11 (Reuters) - The U.S. election dust is still settling and USD/NOK is maintaining a bid, but for Norway's crown the worst might now be behind it and there could be scope for USD/NOK and possibly more so for EUR/NOK to retrace some of the gains seen this year. USD/NOK could be the loose cannon for the remainder of 2024 as uncertainty over president-elect Donald Trump's policy changes keeps the dollar on the boil.
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Reuters - 3 weeks ago

EUR/NOK could test the lower end of its weekly range

BUZZ-COMMENT-EUR/NOK could test the lower end of its weekly range Nov 8 (Reuters) - Loss consolidation has been the theme for Norway's crown for the bulk of this year and the longer-term outlook might hold little promise but there could be potential for a recovery into the turn of the year. It has been a strong week for the crown versus the euro having negotiated central bank meetings, a presidential election, and a volatile oil price.
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Reuters - 3 weeks ago

Time for the Norges Bank to relax its grip on the NOK

RPT-BUZZ-COMMENT-Time for the Norges Bank to relax its grip on the NOK Repeats with no changes Nov 7 (Reuters) - Norway's central bank holds an interim meeting today, and despite a sticky inflation rate there might be scope for the bank to relax its hawkish stance and, like the Riksbank, shift its focus away from the crown and lean more towards Norwegian growth.
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Reuters - 3 weeks ago

Time for the Norges Bank to relax its grip on the NOK

BUZZ-COMMENT-Time for the Norges Bank to relax its grip on the NOK Nov 5 (Reuters) - Norway's central bank holds an interim meeting on Thursday, and despite a sticky inflation rate there might be scope for the bank to relax its hawkish stance and, like the Riksbank, shift its focus away from the crown and lean more towards Norwegian growth. Weakness in the NOK since June has forced the Norges Bank to become a monetary policy outlier, maintaining a hawkish bias while other central banks have emba
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Reuters - 1 month ago

Dollar steady near two-month high as markets weigh policy outlook

FOREX-Dollar steady near two-month high as markets weigh policy outlook Updates at 1120 GMT By Samuel Indyk and Ankur Banerjee LONDON, Oct 15 (Reuters) - The U.S. dollar was perched near it highest in more than two months against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term.
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Reuters - 1 month ago

Dollar steady near two-month high as markets weigh Fed outlook

FOREX-Dollar steady near two-month high as markets weigh Fed outlook Updates at 0823 GMT By Samuel Indyk and Ankur Banerjee LONDON, Oct 15 (Reuters) - The U.S. dollar was perched near it highest in more than two months against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term. A string of U.S.
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Reuters - 2 months ago

Norway's crown still too weak for the Norges Bank

BUZZ-COMMENT-Norway's crown still too weak for the Norges Bank Oct 10 (Reuters) - The latest inflation data out of Norway could trigger a downward revision to analyst rate path expectations but the crown remains too weak and taken in isolation could prevent the Norges Bank from adjusting its policy outlook. September core inflation fell to 3.1% year-on-year from 3.2% in August and compares favourably with the central bank's 3.3% estimate.
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Reuters - 2 months ago

NOK remains too cheap for the Norges Bank

BUZZ-COMMENT-NOK remains too cheap for the Norges Bank Sept 30 (Reuters) - Despite forward guidance from Norway's Norges Bank suggesting the possibility of a rate cut in December, expectations are for a "no change" decision and the main reason will be the weakness of the crown. The NOK is too cheap and even with the central bank's hawkish stance EUR/NOK and NOK/SEK look poised to move further against the crown.
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Reuters - 2 months 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 months 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 months 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 - 3 months 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 - 3 months 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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