NOK loses after lower CPI reading; ECB to remove capital requirements for some banks!

CPI inflation in August was 4.8% y/y against expectations of 5.4% y/y. The m/m dynamics was -0.8% against expectations of -0.3%. Core m/m inflation down -0.6% vs. -0.3% expected (annual data at 6.3% vs. 6.6% expected). Data good from a monetary perspective, reducing the chance of further hikes (NOK loses against USD, which is the worst performing G7 currency).

There was also some interesting news from the ECB a little earlier. The European Central Bank will lift capital requirements for some banks after they corrected deficiencies in their leveraged finance units. Although no specific institutions were named, there is speculation that these may include BNP Paribas SA and Deutsche Bank AG.

20 May 2026, 7:24 PM

URGENT: Hawkish FOMC minutes fail to halt market gains

20 May 2026, 7:00 PM

Daily Summary: 6% Oil Declines Fuel Stock Gains

20 May 2026, 7:10 AM

Pound falls on relatively low CPI reading ⏰

19 May 2026, 12:38 PM

Chart of the Day: Strongest currency of 2026 in the shadow of a scandal (19/05/2026)

Forex

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