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Fight for World’s Top Currency Plays Out Among Nordic Neighbors

  • Norway’s krone set to rise most among G-10 peers, surveys show
  • Oil-dependent currency bolstered by improving growth outlook
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Norway’s krone has taken an early lead in this year’s battle to be the world’s best-performing major currency, as a blistering rally that catapulted its neighbor to the top spot in 2020 begins to fade.

Bolstered by a nascent global economic recovery and the prospect of a hawkish shift by the central bank, the Norwegian currency is set to gain around 2% against the euro through December, according to the median estimate of analysts in a Bloomberg survey.