NOK/EUR Exchange rate
Editors’ Picks
EUR/USD stays below 1.0550 as traders exercise caution ahead of the US CPI
EUR/USD remains subdued for the fourth consecutive day, trading around 1.0530 during the Asian session on Wednesday. However, the pair faced challenges as the US Dollar gained support from market caution, which could be attributed to the upcoming US Consumer Price Index data release due on Wednesday.
GBP/USD steadies near 1.2800 as traders expect BoE to maintain current interest rates
GBP/USD extends its winning streak for the third successive session, trading around 1.2780 during the Asian hours on Wednesday. The Pound Sterling gains support against its major peers as traders become increasingly confident that the Bank of England will keep its interest rates unchanged at 4.75% in December’s monetary policy decision.
Gold price extends corrective slide from over two-week top; focus remains on US CPI report
Gold price retreats from over a two-week top as bulls turn cautious ahead of the US CPI report. Bets for a less dovish Fed, rising US bond yields underpin the USD and weigh on the commodity. Geopolitical risks, trade war fears and rate-cut bets should help limit losses for the XAU/USD.
US CPI set to grow at faster pace in November, edging further away from Fed target
The US Consumer Price Index report for November, a key measure of inflation, will be unveiled at 13:30 GMT by the Bureau of Labor Statistics. Markets are buzzing in anticipation, as the release could trigger significant swings in the US Dollar and influence the Federal Reserve's plans for interest rates in the months ahead.
How the US-China trade dispute is redefining global trade
Since Donald Trump took office in 2017, trade flows and market shares have changed substantially. We think that shift is set to continue under looming tariffs and a new protectionist environment.