Today
+0.18%
1 Week
-1.91%
1 Month
-0.40%
6 Months
-1.35%
Year to Date
+4.05%
1 Year
-2.64%
Opening Price
10.4586Previous Closing Price
10.48351The configuration is negative.
the upside breakout of 10.4950, would call for 10.5420 and 10.5710.
the downside prevails as long as 10.4950 is resistance.
The Norges Bank is a relatively recent adopter of inflation targeting.
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.
Norwegian inflation was slightly lower than expected in August, as the overall rate fell to 2.6%.
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.
For the second time this summer, the Norwegian krone is experiencing a major selloff without a clear catalyst.
The Norwegian krone has been shaken since the publication of the last inflation figures at the beginning of July.