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Focus turns to Norway rate decision

NOK
  • NOKSEK extends small gains, more a function of the SEK weakness.
  • NOK remains steady in early trade, SEK and NZD are the early worst performers, down 0.25% and 0.24% respectively.
  • Best performer is the USD, albeit just up 0.16%.
  • The Nokkie is close to flat versus EUR, GBP, JPY, AUD, CAD and CHF, as market participants await the Norway rate decision at the top of the hour.
  • Regular policy statement due, but no new rate path projections or economic forecasts scheduled.
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