Norwegian Krone Off 6-day High Against US Dollar
30 Mars 2010 - 2:13PM
RTTF2
The Norwegian krone that climbed to a 6-day high of 5.9376
against the US dollar on Tuesday's late Asian trading pulled back
and hit as low as 5.9848 around 5:45 am ET. The dollar-krone pair
moved in a holding pattern thereafter and is presently quoted at
5.9678. The pair closed Monday's trading at 5.9597.
In economic news, the Statistics Norway announced that the
retail sales volume dropped a seasonally adjusted 0.1% on a monthly
basis in February, in contrast to the 0.8% growth expected by
economists.
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