MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Oil Continues To Support NOK vs G10

SCANDIS

NOKSEK is off intraday highs, but the NOK remains supported vs the G10 from the firmer oil price backdrop following yesterday’s ratchet higher in Middle East tensions.

  • Technically, NOKSEK trades within a bull channel drawn from the March 12 low (0.9711) and currently sits 2.2% above that level.
  • Today’s NFP print may be of particular importance to the SEK after yesterday’s Riksbank minutes, where Executive Board members highlighted the importance of Federal Reserve policy for the krona’s developments.
  • To the extent that today’s NFP release materially affects Fed communication at their May 1 meeting, this will have implications on whether the Riksbank can confidently cut their own policy rates on May 8 (the March MPR rate path assigns a 50% likelihood of this outcome).
  • Of course, next week’s Norwegian and Swedish CPI releases will be of greater importance to the NOKSEK cross and Norges Bank/Riksbank monetary policy matters.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.