Norwegian Krone Down Despite Central Bank Optimism

The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently the krone.
The Norwegian central bank raised its main deposit rank by 25 points to 1.5 percent and affirmed that the country will grow more than previously expected, but such events were unable to stop the krone to fall, as the crude oil, one of the main exports from the Nordic country, declined today as risk aversion emerged.
USD/NOK traded at 5.7455 as of 20:24 GMT from an opening rate of 5.6556 this Wednesday.

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