Norway Unemployment figures out USDNOK down

USD/NOK,Norway Unemployment figures, Oil giant of Europe, Norway has just announced Unemployment figures.

January unemployment rate came in line with the previous expectations at 3.1%, higher than the December figure which was at 2.7%.

Meanwhile the retail sales figure rose by 0.2% mom in December, unchanged in pace from November

The figure was lower than the previous expectations of +0.3% mom. As Norway unemployment figures came higher than the previous month, Norges Bank Announced NOK700M Forex Sales which enabled the Norwegian Krone appreciate, USD/NOK is down by over 300 pips now.

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