Commentary

Add as a preferred source on Google

NOK review

Western Union notes:Huge price break for NOK buyers today as shockingly poor Norwegian factory data stirred rate cut expectations which sent the crown tumbling about 2 percent to five-week lows. Norway's factory PMI unex…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Western Union notes:

Huge price break for NOK buyers today as shockingly poor Norwegian factory data stirred rate cut expectations which sent the crown tumbling about 2 percent to five-week lows. 

Norway's factory PMI unexpectedly shrank, plunging to 46.6 in May versus forecasts of 50.1 from 50.2 in April. The news increased expectations of a rate cut as soon as the central bank's coming meeting on June 18.

Related articles

View all