Tuesday, September 6, 2011

The Norwegian Krone is the new Swiss Franc

"Norway’s krone rose against all its 16 most-traded counterparts as investors sought an alternative European currency to the euro and franc. ... The krone rose 1.3 percent to 5.3713 per dollar and advanced 1.9 percent to 7.5260 versus the euro. The currency surged 9.5 percent to 6.2634 against the franc."

--http://www.bloomberg.com/news/2011-09-06/franc-slides-against-dollar-euro-as-snb-vows-to-stand-by-currency-target.html

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