Norwegian krone is the dominating currency on Monday as inflation from Norway turned out to be higher than expected for the second straight month. Headline inflation increased in August to 3.4% and the core inflation rose to 1.9% from 1.4% and that could encourage the Norgesbank to raise rates at the meeting later this month. USDNOK is down a full percent and the pair could draw a bearish double top pattern with the neck-line of 8.31.
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".