Rise in oil prices is good news for Norwegian Krone

By Smart Currency May 27th, 2016

Norway Krone was yesterday’s biggest winner, as it gained 0.8% against the US dollar as Brent crude passed $50 a barrel for the first time since November.

Another nation that benefitted from this rise in oil prices was South Africa. Coupled with news that the corn-production forecast has been has been raised for the first time this season, this has ensured some relief for the struggling Rand

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

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Rise in oil prices is good news for Norwegian Krone

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