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NOK Out - Norway hit hard by low oil prices

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The Norwegian Krone is down to levels not seen since 2009 as the nation's economy is hit hard by low oil prices. Norway is one of the world's largest producers of oil and the currency has fallen more than 10% since June. 

Tomorrow the country's central bank meets amid speculation that the Governor, Oystein Olsen, will announce rate cuts.  Head of FX Strategy John Hardy brings us up to date with the latest and a preview of the central bank meeting.