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[MARKET UPDATE] EUR/NOK continues to fall after the hotter-than-expected Norwegian inflation release for January earlier this week

The continued decline in EUR/NOK following the hotter-than-expected Norwegian inflation suggests that the NOK may be strengthening in response to prospects of tighter monetary policy from Norway's central bank.

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[MARKET UPDATE] EUR/NOK continues to fall after the hotter-than-expected Norwegian inflation release for January earlier this week

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This could indicate a divergence in policy direction relative to the Eurozone, which might put further downward pressure on the euro against the Norwegian krone in the near term.

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