Norwegian Krone: Softer inflation trims hike odds – BBH

Brown Brothers Harriman's (BBH) Elias Haddad notes Norwegian Krone (NOK) underperformance after Norway’s mixed August Consumer Price Index (CPI) data reduced the perceived likelihood of a near-term Norges Bank hike, with September odds falling from 65% to 38%.
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United States Producer Price Index ex Food & Energy (YoY) meets forecasts (4.6%) in August

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