Iran Economic Crisis Forces Afghan Families to Return Home 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
US Stock Futures Rise as Markets Brace for Fed Rate Hike 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Fall as U.S. Crude Inventories Rise, Middle East Risks Persist 
Add as a preferred source on Google
The EUR/NOK currency pair is not expected to exceed the 9.57-9.60 range for now and should slowly trend back towards 9.50, according to the latest research report from Commerzbank.
Weaker CPI data alone does not mean that Norges Bank will stop its rate cycle. In September the central bank had started the normalisation process and had hiked its key rate.
However, now the October inflation data disappointed, mainly core inflation at only 1.6 percent y/y. At 3.1 percent overall inflation remains well above the inflation target of 2 percent; it means the inflation trend has turned, but certainly not in a worrying manner.
Weaker-than-expected data does not mean the end of the young cycle. In particular as Norges Bank has always stressed that it will be cautious anyway and is not planning the next rate hike until Q1 2019.
Moreover the economy is humming, in particular the mainland economy outside the oil and gas sector. Inflation data would have to disappoint over 2-3 months for Norges Bank to reconsider its whole approach.
