Norwegian Krone Declines as Inflation Slows

Jun 11,2019 16:35   Source:Earnforex
The 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 […]

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