On Wednesday, the USD/NOK to a daily high of around 11.215, its highest since May 31, and since last Friday, the pair has increased by more than 1%. H
USD/NOK rose to a high of 11.215, its highest since late May and then settled at 11.191. Nordea analysts point out that higher US yields are playing a big role in the upward movements of the pair. The focus shifts to high-tier economic data from the US on Thursday and Friday. The ECB decision on Thursday will also we closely watched. On Wednesday, the USD/NOK jumped to a daily high of around 11.215, its highest since May 31, and since last Friday, the pair has increased by more than 1%.
Still, Christine Largarde’s press conference will be important for the economic outlook of the European continent. In the same session, the US will release Gross Domestic Product preliminary estimates from Q3 and Personal Consumption Expenditures figures from September on Friday. USD/NOK Levels to watch With both Relative Strength Index and Moving Average Convergence Divergence comfortably placed in positive territory on the daily chart, the USD/NOK buyers hold the upperhand.
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