Oil-Exporter Currencies Slide as Crude Prices Fall; Kiwi Gains

Norway’s krone slid to its weakest since March 2009, leading losses by currencies of oil-exporting nations including Russia and Canada, after crude prices fell to their lowest in three years.

The Canadian currency slipped to a five-year low against its U.S. counterpart as Saudi Arabia cut the price of oil exports to American customers. The euro fell to its weakest in two years versus the Swiss franc even as it rose against most of its major peers amid speculation the European Central Bank won’t announce additional stimulus after it meets Nov. 6. New Zealand’s and Australia’s currencies rallied as the Australian central bank held its benchmark rate unchanged.