July 22 (Bloomberg) -- The Norwegian krone slumped versus all but two of 16 major peers tracked by Bloomberg after a bomb exploded near government buildings in downtown Oslo.
The blast damaged buildings and was caused by a bomb, a police officer told Bloomberg near the scene.
“We still don’t know much about this bomb, how many have been injured and so forth, but the knee-jerk reaction in the market is to sell the Norwegian krone,” said John Hydeskov, chief analyst at Danske Bank A/S in London. “It shouldn’t have a huge foreign-exchange effect.”
The krone fell 0.9 percent to 5.4484 per dollar, as of 3:16 p.m. in London, and weakened 0.4 percent to 7.8158 per euro.
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