Norwegian Krone supported against Euro as NOK flows increase, says Nordea

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The Norwegian Krone weakened in June, with EUR/NOK peaking near 11.35, but Nordea now sees limited further upside. Senior Macro and FX Strategist Sara Midtgaard notes that the currency is supported against the Euro as NOK flows increase.

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💱Euro/US Dollar FX Spot Rate
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NOK flows increase support NOK, which indirectly weakens EUR relative to USD, but the article focuses on NOK, not EUR/USD directly.

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