The Norwegian krone climbed against the US dollar and the euro today after Norway’s central bank decided to leave the policy rate unchanged. The drop in crude oil prices and new measures to halt the COVID-19 spread may yet hurt the currency but so far it is trading above the opening level.
Norway’s central bank signaled today that it is planning to keep interest rates at the current record low levels for at least a couple more years. The Norwegian krone weakened as a result of the announcement but has rebounded afterward and is now heading to end the session about flat.
The Norwegian krone plunged today even though Norway’s central bank raised its benchmark interest rate, performing a rate hike for the fourth time over the year.
The Norwegian krone gained against some of its major rivals today despite falling manufacturing production. Some analysts argued, though, that the data was not as bad it might seem at first glance.
The Norwegian krone climbed today even after nation’s consumer inflation missed expectations.
The Norwegian krone surged today after the nation’s central bank announced an interest rate hike and signaled about probability of additional hikes in the future.
The Norwegian krone gained today as the rally of crude oil boosted currencies of oil exporting nations.
The Norwegian krone climbed today, reaching the highest level for the year against the euro. The reason for the sharp rise was the better-than-expected inflation print released during the trading session.
The Norwegian krone rallied against the US dollar today even as Norway’s economic growth slowed.
The Norwegian krone managed to gain on the US dollar even though the greenback was generally strong today, rebounding after yesterday’s losses. The most likely reason for that was the interest rate hike by Norway’s central bank.
