Currencies
But the top is not reached, believes that the Nordea.
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the Crown is located Wednesday morning near its highest level in almost 15 months against the euro, and Nordea Markets sees opportunities for further growth.
Valutakrysset EURNOK came down to 8,95 at the lowest Tuesday, and traded in the morning hours for around 8,96, after having remained between 9,00 and 9,07 a few days. In morgenhandel has not the crown been under 8,95 against the euro since 31. July last year.
“It is not the completely clear the drivers behind the movement. The last time we have seen that international investors are on the way back to the crown. ENOUGH is still weak, and with the change in the macroeconomic picture through the fall, it is understandable that more will enter in the money,” writes Nordea Markets in its morgenrapport.
the Dollar weakened
the Dollar weakened for the third day in a row after that inflasjontall for the united STATES for september on Tuesday rose less than the market had expected. This got valutahandlere to reduce its focus on the us central bank will raise interest rates this year, writes Bloomberg News.
Australian and new zealand dollars lose on Wednesday some of its recent gains, as a result of the disappointing figures for industrial production in China, the two countries ‘ largest trading partner.
Some of the optimism in the dollar has been gone into in this week. With kjerneinflasjon a little below expectations and dampened the economic growth rate from august, suppress the desire to some premature looking at the higher dollar, ” says Vishnu Varathan, senior economist at Mizuho Bank in Singapore, to the news feed.
Based on the trade in futuresmarkedet, is the probability of a renteheving from the Federal Reserve in December is now around 63 percent, compared with 66 percent on Monday.
China
China’s industrial production in september rose by 6.1 per cent compared to the same month last year, while medianestimatet among analysts was 6.4 per cent.
at the same time increased the gross domestic product of China by 6.7 per cent in the third quarter, compared with the same period last year. This was similar with the analysts ‘expectations, and in the middle of the chinese authorities’ target for 2016, the 6.5-7 per cent growth.
DNB Markets argues that the figures for chinese GDP are released roughly two weeks after the end of the quarter. At the same time they are very stable, and revised rarely. It makes that the bank, like others, is skeptical of how much the official figures tell us about the actual state of the economy.
“the Risk of markedly weaker growth in China in the short term, is reduced in the course of the year. The growth is however dependent of the continued high credit growth and stimulants from the authorities. Furthermore, doing the high indebtedness and weak earnings in the companies that the risk of setbacks in the slightly longer term has increased”, says DNB Markets in its morgenrapport.
the Crown is on Wednesday morning weakened by about three quarters of a cent against the euro, to 8,9633, compared with the level it was at when the Oslo stock Exchange closed on Tuesday. Against the u.s. dollar is the crown in the same period also weakened by about three quarters of a cent, to 8,1626.
the Euro is marginally weakened to 1,0981 dollars, compared with the exchange rate on the 1,0990 dollars at the closing time for the market in New York city on Tuesday night.
Norwegian statsobligasjonsrenter with 10 years maturity ended on Tuesday at 1,32 per cent, against 1,30 per cent the previous trading day.
Exchange rates: | |||
| USD/NOK | EUR/NOK | EUR/USD | USD/JPY |
| 8,1626 | 8,9633 | 1,0981 | 103,80 |
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