Norwegian Krone Advances To 6-day High Against Euro
November 17 2015 - 1:46AM
RTTF2
The Norwegian Krone drifted higher against the euro in European
deals on Tuesday, as Norway's economy rose more-than-expected in
the third quarter.
The national accounts data from Statistics Norway showed that
Mainland-Norway gross domestic product rose 0.2 percent
sequentially, higher than estimates for a 0.1 percent rise.
However, it was slightly weaker than the second quarter's revised
0.3 percent expansion.
Overall GDP growth for Norway accelerated to 1.8 percent from
zero percent.
The Norwegian Krone climbed to a 6-day high of 9.2311 against
the euro, compared to yesterday's closing value of 9.2875. The
Krone is likely to find resistance around the 9.20 zone.
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