Kroner gains on the Central Bank currency decision

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Source: Bloomberg
Norway's Krone rose in value versus both the Euro and the greenback on Wednesday, after the central bank announced it will not purchase forex for the oil fund in November. The Kroner appreciated 0.41% versus the Euro to 7.397 and strengthened 0.77% against the U.S. Dollar to 5.6875 in Oslo. 

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Wed, 31 Oct 2012 15:38:00 GMT

Euro zone inflation drops on smaller energy prices' growth

The eurozone inflation inched lower, as the pace of energy prices' growth slowed down. According to Eurostat, the inflation in the eurozone in October was 2.5 per cent on yearly basis, stepping lower from a rate of 2.6 per cent in September. However, the inflation is still not complying with the ECB's target of 2 per cent.  Soaring energy and food prices were mainly pushing

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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