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Norges Bank Won’t Hike Interest Rates for Years, Krone Flat

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.

Norwegian Krone Falls Despite Interest Rate Hike

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.

Norwegian Krone Climbs Despite Inflation Miss

The Norwegian krone climbed today even after nation’s consumer inflation missed expectations.

US Dollar Ends Week Weakest Courtesy of Dovish Fed

The US dollar ended the past trading week as the weakest currency on the Forex market. The Federal Reserve monetary policy meeting was the major event affecting the greenback during the week, though plenty other events that were affecting other currencies.

Norwegian Krone Soars After Norges Bank Hikes Interest Rate

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.

Norwegian Krone Jumps After Inflation Data

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.

Norwegian Krone Gains After Norges Bank Hikes Interest Rates

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.

Norwegian Krone Flat Following Interest Rate Hike

The Norwegian krone was little changed today after the nation’s central bank raised its key policy rate yesterday.

Norwegian Krone Rises After Central Bank’s Meeting, Crude Oil Rally

The Norwegian krone rose against the US dollar today after the nation’s central bank basically ruled out the possibility of an interest rate cut. The gains of crude oil also helped the currency.

Dollar Strong After Fed Week

Federal Reserve monetary policy announcement was the most important event this week (though several other central banks made their policy decisions as well). While an interest rate hike was expected, the actual event still managed to surprise markets, sending the US dollar higher against its most-traded counterparts.

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