1:57 PM · 10 September 2018

Norwegian krone gains on Monday

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.

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