The Norwegian krone is climbing after the central bank decided to hike rates by 25 basis points. Nevertheless, the Norges Bank also suggested that rates to remain at current levels in the coming period. That in practice means the bank may have already reached its ceiling in terms of monetary tightening amid other central banks cutting rates.
The EURNOK falls after the 25 bps rate hike. Source: xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰