Currency Note Worldwide

Norwegian Krone affected by poor PMI figures

By Ricky Bean June 2nd, 2015

Monday’s Purchase Managers’ Index figures heralded a poor day for the Norwegian krone. There was a significant drop from 50.5 to 46.0 – representing a low level of economic activity, and with a negative effect on the country’s growth levels. This meant the currency dropped around 2% against most major currencies. Those purchasing the Norwegian currency will see their budgets stretch.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.