OctaFX | OctaFX Forex Broker
Open trading account
Back

NOK: Above consensus CPI to support krone - ING

NOK decoupled from SEK during the past days as the meaningful rise in the oil price provided support to krone, explains the research team at ING.

Key Quotes

“Data-wise, the focus turns to the Oct CPI (Fri) which should still remain well below target (1.6% in Sep vs 2.5% target). Yet, we believe the consensus estimate of 1.4% looks too low. An upside surprise to CPI should be NOK positive, with EUR/NOK converging towards 9.4500.”

 

USD has probably made a cycle low - Westpac

The US dollar’ has stalled during the past week but its uptrend since early September remains intact, according to Imre Speizer, Research Analyst at W
Read more Previous

South Africa Gross $Gold & Forex Reserve below forecasts ($49.212B) in October: Actual ($48.903B)

South Africa Gross $Gold & Forex Reserve below forecasts ($49.212B) in October: Actual ($48.903B)
Read more Next
Start livechat