Norwegian Krone Holds Ground Even as Manufacturing Struggles
Sweden was not the only country with declining manufacturing as countries all over Europe suffer from the crisis. Norway’s manufacturing also struggled, but the nation’s currency managed to hold...
View ArticleNorwegian Policy Makers Think Krone Too Strong
The Norwegian krone fell a little against the US dollar today and may retreat even further on speculations that policy makers will try to push the exchange rate down. The currency remained firm against...
View ArticleOlsen Speaks About Interest Rate Cut, Krone Down
The Norwegian krone fell today as the head of the central bank indicated that he may ease monetary policy as a measure to bring inflation, which was slowing due to the currency’s strength, closer to...
View ArticleNorges Bank Sees No Interest Rate Increase Until 2014
The Norwegian krone weakened today after the central bank left interest rates stable and signaled that no change to the monetary policy is expected until the next year.(...)Read the rest of Norges Bank...
View ArticleNOK Drops as Olsen Says Exchange Rate Too High
The Norwegian krone weakened today as Norges Bank Governor Oeystein Olsen complained about the high exchange rate and said that the strong currency can prevent an interest rate hike.(...)Read the rest...
View ArticleInflation in Norway Slows, Leading to Krone’s Decline
The Norwegian krone declined today as slowing growth of consumer prices fueled speculations that the central bank will perform an interest rate cut to boost inflation.(...)Read the rest of Inflation in...
View ArticleNorwegian Krone Rallies with Accelerating Inflation, Retreats
The Norwegian krone rallied today as inflation accelerated more than analysts have expected, reducing incentive for the central bank to cut interest rates. The currency retreated and trades below the...
View ArticleNorwegian Krone Drops on Slowing Growth, Recovers
The Norwegian krone was flat today after falling earlier as slowing economic growth made an interest rate cut from the central bank more likely. Such prospects hurt the currency, but it managed to...
View ArticleData from Statistics Norway Makes Krone Weaker
The Norwegian krone fell today as a set of negative reports was released today by Statistics Norway, making the nation’s currency less attractive to traders who prefer to avoid risky assets due to the...
View ArticleNorway Krone Stronger After Central Bank’s Policy Meeting
The Norway krone advanced today after the nation’s central bank left its key policy rate unchanged and signaled that it plans interest rate hikes, not cuts.(...)Read the rest of Norway Krone Stronger...
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