Markets

Norwagian crown hits 2-month high on data

Published February 6, 2015 Updated February 6, 2015 10:00am

1 min

By Nasir Ahmed

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LONDON: The Norwegian crown hit a two-month high against the euro on Friday after domestic manufacturing data beat expectations and global oil prices rebounded, somewhat brightening the outlook for the oil-rich Nordic economy.

The euro fell to 8.58 crowns, its lowest since late November, and down 0.5 percent on the day.

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