| 16 Nov 2017 06:11 | Views and News from Norway |
The krone weakened against other currencies even when oil prices finally broke through the USD 60-per-barrel level and rose as high as USD 63 before tapering off.
more| 27 Oct 2017 08:07 | Views and News from Norway |
That's a big change and the krone has also slumped in recent days against the euro, which cost NOK 9.54 at mid-afternoon on Friday.
more| 18 Jul 2017 03:37 | Views and News from Norway |
Bruce notes that the oil price rise, which always boosts the value of the Norwegian currency, has nonetheless been “moderate” and he sees the last week's movement as a “correction” because the krone was weak in relation to economic fundamentals.
more| 12 Dec 2016 02:03 | Bloomberg |
The krone is coming back in fashion after a three-year slump, boosted by a recovery in oil prices. Those gains could accelerate next year amid signs the Norwegian economy has turned the corner and as the central bank is unlikely to reduce rates further.
more| 16 Aug 2016 10:36 | Exchange Rates UK |
The Norwegian economy is still trying to adjust to the new era of low crude oil prices. The Norges bank has held rates constant at record lows of 0.5%, since March of this year.
more| 08 Jan 2016 01:09 | Bloomberg |
“You could see a washout of speculative positions in the NOK-SEK, which is currently for a stronger Swedish krona,” said Magne Oestnor, an analyst at DNB.
more| 24 Sep 2015 04:29 | Bloomberg |
Norway's krone tumbled to a 13-year low versus the dollar Thursday after the central bank surprised markets by cutting interest rates to a record and saying it might ease further to support an economy battered by the collapse in oil prices.
more| 24 Sep 2015 00:00 | MarketWatch |
The dollar trimmed gains slightly as the session wore on, trading at 8.46 krone late Thursday in New York. “Growth in the Norwegian economy is likely to remain low for a longer period than projected earlier owing to the fall in oil prices through ...
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