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Norway crown slumps, Gjedrem shuns safe haven tag

Posted on 31 March 2009

From Forbes: The Norwegian crown weakened by 3 percent against the euro and dollar on Monday, hit by a drop in equity and oil prices and remarks from the central bank chief who said the currency is no safe haven, analysts said.

They said it also weakened on momentum from last week and slightly softer-than-forecast retail sales data for February…..Full Article: Source


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VRS - who has written 38126 posts on Opalesque Commodities Briefing.


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