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Norwegian Krone Declines as Inflation Slows

June 11, 2019 at 8:35 by Vladimir Vyun

A fan of 50-krone notesThe Norwegian krone declined today after nation’s inflation slowed unexpectedly last month.

Statistics Norway reported that consumer inflation slowed from 2.9% in April to 2.5% in May — the lowest level in a year. Core inflation slowed from 2.6% to 2.3% — the lowest since January. Ahead of the report, analysts had predicted both indicators to stay unchanged.

USD/NOK slipped from 8.6537 to 8.6483 as of 8:34 GMT today after rallying to the daily high of 8.6849 earlier. EUR/NOK advanced from 9.7834 to 9.7921, and its session maximum was at 9.8312.

If you have any questions, comments, or opinions regarding the Norwegian Krone, feel free to post them using the commentary form below.

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