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Norwegian krone sinks on surprise rate cut
Published Thu, Dec 11, 2014 · 09:50 PM
London
NORWAY'S krone sank by almost a full percentage point on Thursday after a slump in oil prices and demand provoked its central bank into an early and unexpected cut in interest rates, driving the currency to its weakest since mid-2009.
The euro recovered from early losses against the US dollar but the yen was again on the retreat after three days of gains which have allowed many of t…
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