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.