USD/NOK
USD/NOK10.48428NOK
Today
+0.01%
1 Week
-3.42%
1 Month
-1.82%
6 Months
-1.52%
Year to Date
+3.86%
1 Year
-2.59%
Key Data Points
Opening Price
10.4586Previous Closing Price
10.48351USD/NOK Trading Strategy
Trading Strategy
The configuration is negative.
Alternative scenario
the upside breakout of 10.4950, would call for 10.5420 and 10.5710.
Comment
the downside prevails as long as 10.4950 is resistance.
USD/NOK News
NOK: Watching signals – Rabobank
The Norges Bank is a relatively recent adopter of inflation targeting.
NOK: More room to recover – ING
Earlier this week, we pointed out how EUR/NOK was substantially expensive close to the 12.0 mark, and that the risks of a correction lower were very high.
Last information before Norges Bank's interest rate decision – Commerzbank
Norwegian inflation was slightly lower than expected in August, as the overall rate fell to 2.6%.
Beware of rate cut speculation for Norges Bank – Commerzbank
The last important data are due today before next week's Norges Bank meeting: Inflation figures for August, Commerzbank’s FX analyst Antje Praefcke notes.
NOK: Looking increasingly cheap – ING
For the second time this summer, the Norwegian krone is experiencing a major selloff without a clear catalyst.
Shaken, NOK stirred – Commerzbank
The Norwegian krone has been shaken since the publication of the last inflation figures at the beginning of July.
