USD/NOK retreats from multi-months highs as bulls take a breather

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• USD/NOK struck a high since late May on Thursday of 11.276.
• On Friday, the pair retreated to 11.170, seeing 0.20% losses.
• The Greenback trades soft in FX markets after PCE data from September.

In Friday’s session, the USD/NOK trades with losses, mainly driven by investors taking profits after the pair jumped to its highest level since May 31 on Thursday. Contributing to the downward trajectory, the US Dollar is trading weak after the September Core Personal Consumption Expenditures was reported to have decelerated as expected.