MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: GERMANY NOV CPI +2.2% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NOK Drops as CPI Slips One Week Ahead of Rate Projections

FOREX
  • Major G10 FX are largely rangebound early Thursday, with markets sitting on the sidelines ahead of tier 1 data releases and the ECB decision later today.
  • EUR/USD has inched further off the Wednesday high, but remains above 1.2150 and nearby support. The 50-day EMA undercuts at 1.2108 and marks the first major downside level ahead of the Jun 4 low at 1.2104.
  • The Norwegian policy mix became slightly more complicated this morning on the release of a set of lower than expected inflation numbers. This comes ahead of next week's Norges Bank decision, at which the bank are expected to provide their thoughts on whether a rate hike could occur as soon as September. EUR/NOK has rallied sharply following the release, with the cross narrowing in on the Friday high of 10.1784.
  • Focus turns to the ECB rate decision. While no major policy changes are expected, markets will likely pay very close attention to any language surrounding the use of the bank's PEPP asset purchase programme,. Traders look to gauge just how and when the Bank will wean markets off extraordinary monetary policy.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.