| The Norwegian krone has been hammered, like many other currencies from oil-based economies, as the price of the black stuff has plummeted in recent weeks. Bears say there’s much more weakness to come, unless the price of oil springs back.
Sounds straightforward. But HSBC reckons the krone has gone far enough, and a pretty big recovery is near. Sure, energy is a big deal for the country, accounting for 23% of Norway’s gross domestic product, 30% of fiscal revenues, and roughly half of exports, the bank says...............................................Full Article: Source
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