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EURNOK at highest level since May 2020 post-soft inflation data

EURNOK
  • Worth noting as well the weaker-than-expected Norwegian inflation print - with underlying slowing to 5.9%Y/Y versus an expected one tenth fall to 6.3%Y/Y.
  • EURNOK moved from 11.3043 to hit an intraday high of 11.3321 (high since May 2020) and at writing we are trading at 11.3272.
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  • Worth noting as well the weaker-than-expected Norwegian inflation print - with underlying slowing to 5.9%Y/Y versus an expected one tenth fall to 6.3%Y/Y.
  • EURNOK moved from 11.3043 to hit an intraday high of 11.3321 (high since May 2020) and at writing we are trading at 11.3272.