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After NOK interest rate decision despite it was not changed NOK weakened a lot in the light of possible rate cut in nearest future. After this sharp move EUR/NOK reached around 8.35 highs and thus important 8.55 mark is in sight again. Mentioned rate development could be seen in weekly EUR/NOK chart.
As NOK weakening is in progress it is likely that rate will come even closer to 8.55 mark but it is unlikely it break it in nearest future as ECB steps for combat with prolonged period of low inflat…
As NOK weakening is in progress it is likely that rate will come even closer to 8.55 mark but it is unlikely it break it in nearest future as ECB steps for combat with prolonged period of low inflat…