Norway’s Krone Falls on China’s Reserve Requirements
The Norwegian currency ended this week losing versus the euro and the dollar, after the crude oil rally that fueled the krone’s advance during most of this week’s session lost strength, since risk aversion returned to trading markets this Friday with a new Chinese restrictive lending policy announcement.
Risk aversion returned to markets today impacting the Norwegian
USD/NOK ended the week at 5.9064 from an opening rate on Friday at 5.8923.
If you have any questions, comments or opinions regarding the Norwegian Krone, feel free to post them using the commentary form below.
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Earlier News About the Norwegian Krone:
- Crude Oil Advance Favors Norway's Krone (2010-02-09)
- Norway's Krone Falls on Central Bank Warning (2010-02-03)
- Norwegian Krone Tumbles as Commodities Rally Slow Down (2010-01-12)
- Norwegian Krone Falls From 16-Month High (2010-01-08)
- Norwegian Krone At 12-Month High Versus Euro on Oil (2010-01-04)
