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Almost half of the group is reversing last week gains vs the yen, the performance shows a clear divergence within the high-beta space as scandies outperform antipodes
SEK and NOK have been supported by the slowdown in domestic inflation progress and the lift of defense spending in the Euro Area
This week, the Norwegian Krone is posting the largest 5-day gain and extends its winning streak from last week. While the EUR and SEK posted positive performances last week, these two are left behind the NOK over the last five sessions.
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