OctaFX | OctaFX Forex Broker
Open trading account
Back

Norway inflation stable, but NOK to stay volatile - UBS

FXStreet (Córdoba) - The UBS analyst team remain cautious about NOK, as it remains to be seen whether Norway’s economy will be affected by the oil price drop.

Key Quotes


“In October, inflation in Norway remained pretty stable, with core inflation going up from 2.4% to 2.5%. As such, the main worry for NOK investors should come from growth”.

“It remains to be seen how Norway's Mainland economy will be affected by the oil price drop. In the meantime, the NOK will likely continue to react nervously to oil price movements”.

“We thus remain cautious in the coming weeks, and see EUR/NOK falling only slightly over three months”.

USD/JPY warns of upside risks - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the recent drop in the greenback vs the Yen and explains events and paints a technically bullish backdrop.
Read more Previous

USD/CAD climbs to highs near 1.1350

The USD is back! The better momentum in the greenback is now lifting USD/CAD to fresh session highs near 1.1350...
Read more Next
Start livechat