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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.

Norwegian Krone Down vs. US Dollar Following Norges Bank Meeting

The Norges Bank (Norway’s central bank) was one of the central banks that were conducting policy meetings today and decided to keep their monetary policies unchanged. The Norwegian krone (as well as most other currencies) traded below the opening level against the US dollar after the meeting.

Norway Central Bank Makes No Changes to Policy, Krone Climbs

The Norwegian krone climbed versus the US dollar after Norway’s central bank refrained from cutting interest rates during today’s policy meeting.

Norwegian Krone Slumps After Central Bank Cuts Key Rate

The Norwegian krone slumped today after the nation’s central bank unexpectedly cut the key policy rate and signaled that another rate decrease is probable.

Norwegian Krone Remains Weak After Interest Rate Cut

The Norwegian krone remained weak today after Friday’s decision of Norway’s central bank to reduce its key policy rate. The bank predicted that borrowing costs will remain unchanged for the next two years.

Norwegian Krone Gains as Norges Bank Remains Passive

The Norwegian krone gained today following yesterday’s decision of Norway’s central bank to keep its benchmark interest rate unchanged. Such decision was widely expected by market analysts.

Norges Bank Plans No Interest Rate Cuts, Krone Jumps

The Norwegian krone jumped after Norway’s central bank refrained from an interest rate cut at today’s policy meeting. What is more, bank’s chief Oeystein Olsen hinted at a possibility of an interest rate hike after 2015.

Norges Bank Says Interest Rate Cut Possible, Krone Drops

The Norwegian krone sank today after the nation’s central bank left its monetary policy unchanged at today’s meeting but said that an interest rate cut is possible in case the economy worsens significantly.

Norway’s Interest Rates Remain Stable, Krone Gains

The Norway krone climbed today after the nation’s central bank kept interest rates unchanged and signaled that borrowing costs may start rising next year.

Norwegian Krone Rises After Central Bank’s Statement

The Norwegian krone advanced today after the central bank left its main policy rate unchanged and said that the currency has depreciated. Such wording suggests that policy makers will not take actions to weaken the krone.

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