💱US Dollar/Norwegian Krone FX Spot Rate
USDNOK
▲ PositiveMonetaryrelevance
Softer Norwegian inflation reduces expectations for further Norges Bank tightening, weakening NOK relative to USD.
Impact on assets 1
Others
Rabobank’s Jane Foley notes that softer Norwegian inflation has tempered expectations for further Norges Bank tightening, even after May’s 25 basis point hike to 4.25 percent, supporting a range trading view for the krone against the euro.
Softer Norwegian inflation reduces expectations for further Norges Bank tightening, weakening NOK relative to USD.