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Norwegian krone lower as outlook is uncertain

Published by Kirke Sööt in category News on 09.12.2015
Gold price (XAU-NOK)
21578,10 NOK/oz
  
+ 320,20 NOK
Silver price (XAG-NOK)
243,29 NOK/oz
  
+ 4,36 NOK

This week the Norwegian krone has depreciated due to increased uncertainty in the economy.  Lower oil price and worse than expected economic data this week have all contributed to a lower exchange rate of NOK.  Norges Bank will have a meeting next week and there is  an increased chance of a rate cut.  December will therefore most likely be a month of great uncertainty.

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Gold price (XAU-NOK)
21578,10 NOK/oz
  
+ 320,20 NOK
Silver price (XAG-NOK)
243,29 NOK/oz
  
+ 4,36 NOK

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