Norway Krone Slumps as Qvigstad Sees Rate Influence: Oslo Mover

Norway’s krone slumped to the lowest level in more than two months versus the euro after central bank Deputy Governor Jan F. Qvigstad signaled persistent currency strength would influence the bank’s next rate decision in March.

The currency, which has emerged as a haven from Europe’s debt crisis, slid as much as 0.8 percent against the euro to the lowest level since Oct. 31 and 1.2 percent versus the dollar. It traded at 7.4205 per euro and at 5.5540 per dollar as of 4:28 p.m. in Oslo, making it the worst-performing major currency versus both the euro and the greenback.