The bottom seems to have fallen out of the Norwegian krone market, as a frenzied sell-off during the week persisted into Thursday morning. With a slump in the price of oil pummeling western Europe’s biggest crude exporter, and liquidity getting sucked out of small markets, Norway’s currency appeared to have no buyers. The krone sank as much as 6.5% against the euro, after slumping up to 12% in the previous session. Against the dollar, it plunged 7%, following declines as deep as 14% on Wednesday. The fury of the sell-off is unprecedented, according to currency strategists. It’s “all about the oil collapse,” said ... (full story)