Norwegian krone weakened after Norway's June YoY inflation eased to 2.7%. ING's
Chris Turner says demand for NOK should remain strong at lower levels. He notes
Tuesday's US inflation print came in below expectations, reducing Fed tightening
bets and lifting risk sentiment, which supports NOK; rising energy prices add
further support and lower volatility may favor carry trades. ING sets a
one-month EUR/NOK target of 11.05 but sees scope for a drop toward 10.95.
