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Norway Forex NOK News

Friday, March 7, 2014

AUD Up after Upbeat Data

The aussie rose, supported by upbeat data. The trade surplus in January widened to AUD1.43 billion, the largest since August 2011. The figure also beat estimates for a AUD100 million surplus. Retail sales rose 6.2% on-year in January, the fastest since November 2009.

The EUR rose, rallying to the highest against the USD this year, after the European Central Bank left rates unchanged in its latest meeting, offering no signal whether it will implement more measures to avert the threats of deflation.

The GBP also tacked on, as the Bank of England also kept its rates unchanged. The central bank seeks to let the British economy gain momentum before removing stimulus.