FXStreet (Edinburgh) – Senior Analyst at Danske Bank Jens Pedersen assessed the recent positive performance of the Norwegian krone.
Key Quotes
“The NOK rallied sharply on Thursday supported by the better-than-expected September manufacturing PMI and improving risk appetite”.
“PMI manufacturing rose to 47.3 from 43.7 in August, which is the highest level since May”.
“The PMI suggests that the activity level in the Norwegian manufacturing sector is still deteriorating but at a slower pace than in previous months”.
(Market News Provided by FXstreet)