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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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Key points from the statement:
  • Economic developments have been largely in line with the projections in the March Report.
  • In the Committee's current assessment of the outlook and balance of risks, the policy rate will most likely be raised in the latter half of 2021
  • When there are clear signs that economic conditions are normalising, it will again be appropriate to raise the policy rate gradually from the today's level.
  • Full statement here: https://www.norges-bank.no/en/topics/Monetary-policy/Monetary-policy-meetings/2021/may-2021/