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Rise in oil prices is good news for Norwegian Krone

By Smart Currency May 27th, 2016

Norway Krone was yesterday’s biggest winner, as it gained 0.8% against the US dollar as Brent crude passed $50 a barrel for the first time since November.

Another nation that benefitted from this rise in oil prices was South Africa. Coupled with news that the corn-production forecast has been has been raised for the first time this season, this has ensured some relief for the struggling Rand

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