USD/NOK initially sunk following the Norges Bank rate decision and commentary, but the pair quickly recovered and resumed their dominant uptrend. Next up: US CPI.
USD/NOK traders will be eyeing the release of Norways industrial production data. Will the recent slump in economic performance prompt the central bank to postpone
The Norwegian Krone will be closely eyeing tomorrow‘s CPI data as the European economy slows down and may begin to weigh on Norway’s performance.