Norwegian Krone gains as central bank halts foreign-currency purchases

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Source: Bloomberg
© Scanpix/FP
The Norwegian Krone rose the most in 7 weeks versus the Euro following the country's central bank's statement saying that it would halt purchases of foreign currency for the $650 billion sovereign wealth fund.The Krone gaines as much as 0.2% versus its major counterparts. Norway's currency gained 0.5% to 7.3945 per Euro following a 0.7% advance, the most since September 7. It rose 0.5% against the greenback to 5.7056. 
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