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US Dollar Rallies Against Krone After Rate Cut
Wednesday, March 14, 2012 - 4:02pm | 492Earlier today Norges Bank, the central bank of Norway, announced that it would cut the key policy rate by 25 basis points to 1.5%. The central bank also said that "a substantially stronger krone may also result in further interest rate cuts." The announcement shook the currency market and USD/NOK...