Norway's currency that rose to a 4-day high against the US dollar during early Monday Asian deals reversed direction in the succeeding trading hours.

The Norwegian krone is currently quoted at 5.8302, down from 5.7772 hit earlier in the Asian session. The pair settled last week's deals at 5.8168.

In economic news, the Norwegian annual inflation slowed to 1.7% in September from 1.9% last month, data from Statistics Norway showed today. Economists were expecting it to accelerate to 2%. Core annual inflation eased sharply to 0.9% from 1.4%.

On a monthly basis, consumer prices rose 0.6%, mainly due to increased prices on clothing.

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