Norwegian Krone Hits Three-Week Low Against Euro as Inflation Slows
Underlying inflation slowed to 2.7% in October from 3.0% in September, while lower oil prices also weighed on the krone.
The Norwegian krone eases to a three-week low against the euro as investors react to Norwegian inflation data and a drop in oil prices. The figures showed that underlying inflation slowed to 2.7% in October from 3.0% in September. This argues against further interest-rate rises by the Norges Bank…