NOK will likely weaken somewhat after Thursday’s CPI data release – Nordea EURNOK Inflation CPI Norway Banks
Inflation is key
Markets expect US inflation to pick up slightly to 3.3% YoY from 3.0%. More importantly, US core inflation is expected to fall to 4.7% YoY from 4.8%. If expectations are correct, markets could be relieved of a lower core figure and the USD could weaken somewhat. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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