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Norway Balance of Trade
Since 1989, the Norwegian trade balance has been in surplus. As a result of global trade tensions and sluggish external demand, Norway's trade surplus shrank by 48.3% in 2019 compared to the previous year, to NOK 148 billion. The UK, the Netherlands, Germany, France, Belgium, Spain, Iceland, Portugal, Singapore, and Ireland had the largest trade surpluses, while China, the US, Sweden, Russia, Italy, Canada, Brazil, Poland, and the Czech Republic had the largest deficits.
A higher than expected figure should be seen as positive (bullish) for the NOK while a lower than expected figure should be seen as negative (bearish) for the NOK.
Forex Sentiment (NOK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURNOK |
|
|
11.5192 -3066 pips |
11.8378 -120 pips |
11.8258 | |
| USDNOK |
|
|
10.1326 +417 pips |
10.3481 -2572 pips |
10.09086 | |
| GBPNOK |
|
|
13.6623 -538 pips |
13.7809 -648 pips |
13.71611 | |
| NOKJPY |
|
|
0 -1449 pips |
13.9045 +59 pips |
14.493 | |
| NOKSEK |
|
|
0.9450 +28 pips |
0.9564 -142 pips |
0.9422 |
News (NOK)
Norway Central Bank Unexpectedly Trims Rate By 25 Bps
Norges Bank cut its interest rate unexpectedly for the first time in five years as inflation eased somewhat faster than expected and signalled further reduction in policy rate if the economy evolves as estimated. The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to cut the policy rate to 4.25 percent from 4.50 percent.
RTTNews | 20 days ago
Norges Bank Unexpectedly Leaves Rate Unchanged Again
Norway's central bank left its key interest rate unchanged on Thursday despite signaling an easing in the previous policy session in January, citing a stronger than expected acceleration in inflation and the uncertain economic outlook but continued to hint at the possibility of a reduction during the course of the year.
RTTNews | 104 days ago
Norway Central Bank Holds Rate; Set To Loosen Policy In March
Norway's central bank left its key interest rate unchanged as widely expected on Thursday and reaffirmed that the rate will likely be reduced in March as rapid rise in business costs could stoke inflation ahead. The Monetary Policy and Financial Stability Committee of Norges Bank decided to hold the policy rate unchanged at 4.5 percent.
RTTNews | 167 days ago
