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CURRENCIES

Norwegian krone sinks on surprise rate cut

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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.

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

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