Breaking Posted 2 hours ago

Norway July PPI surges to 23.4% YoY, well above 14.9% prior

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Norway's Producer Price Index including oil jumped to 23.4% year-over-year in July, significantly exceeding the previous 14.9% reading. This sharp inflation print in a commodity-heavy economy could reinforce Norges Bank hawkishness and support NOK, though current market focus on Fed dovishness and USD weakness may limit immediate reaction.
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2 hours ago

Norway July PPI surges 8.9% MoM, reversing prior -7.1% decline

Norway's July PPI including oil jumped 8.9% month-on-month, a sharp reversal from June's -7.1% contraction, signaling renewed inflationary pressure from oil-price swings. This volatile swing affects NOK positioning; sustained strength could prompt Norges Bank hawkishness, supporting the krone against USD and EUR despite broader dollar weakness.

https://x.com/FirstSquawk/status/2086694808257708223
2 hours ago

Norway PPI Including Oil Surges to 23.4% Year-over-Year July

Norway's Producer Price Index including oil jumped to 23.4% YoY in July from 14.9% prior, with monthly inflation accelerating to 8.9% from -7.1%. The sharp uptick in oil-linked producer inflation may pressure Norges Bank's rate path and support NOK, affecting EUR/NOK, USD/NOK, and GBP/NOK as traders reassess Norwegian rate expectations.

https://x.com/LiveSquawk/status/2086698101159469422

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