Norway may use rate cuts to cool Krone

Source: Bloomberg
The Norwegian Krone slipped by 0.6% against Euro and 1.4% versus U.S. Dollar as Governor Oeystein Olsen said that Norges Bank might cut the key interest rate to ease the Krone gains. The Krone gets too strong and pushes inflation down, what is negative for the domestic economy, thus the central bank is ready to lower rates to ease the excessive Krone gains and meet the inflation target.
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Fri, 15 Feb 2013 14:07:03 GMT

Ruble depreciates as oil drops

The Russian Ruble depreciated by 0.2% to 34.6891 versus the basket during Moscow trading session on Friday and was close to the highest level in two months. The Ruble retreated form the zone, where the central bank should intervene to ease currency's gains. The increasing oil prices push the Ruble up, what makes the central bank to buy foreign currencies:

Fri, 15 Feb 2013 13:45:03 GMT

European equity is little changed

The Stoxx Europe 600 Index was lower by less than 0.1% to 287.61 points in early London trading session on Friday. The gauge is ahead to set a 0.1% weekly gain. Market performance is mixed after earning announcements, as PPR SA reported better than expected profit and stock advanced more than 4% and Aker Solutions ASA was lower by 7.1%

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