Forex Market Update : Epic Research Malaysia

The Russian ruble dropped to a new all-time low against the U.S. dollar on Friday while other oil-related currencies also got crushed a day after the Organization of the Petroleum Exporting Countries did nothing to alleviate an oil glut.

The dollar bought 7.0215 Norwegian krone USDNOK, +1.49%  versus 6.939 krone late Thursday, marking its strongest level versus the Norwegian currency since March 2009. The krone’s weakness came even as Norway’s unemployment rate fell to 2.6% in November and retail sales grew 0.6% in October, noted Charalambos Pissouros, senior technical analyst at IronFX, on Friday. 3

The dollar rose 0.7% versus the Canadian dollar USDCAD, +0.74%   to fetch C$1.1426

The euro EURUSD, -0.13%  fell 0.1% versus the dollar to $1.2443, while the ICE dollar index DXY, +0.24%  , a measure of the U.S. unit against a basket of six major rivals, rose 0.8% to 88.337.

The dollar USDJPY, +0.78%  was at ¥118.66, up from ¥117.74 late Thursday in New York.
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