EUR/NOK — News Archive

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 Sees No Interest Rate Increase Until 2014

The Norwegian krone weakened today after the central bank left interest rates stable and signaled that no change to the monetary policy is expected until the next year.

Olsen Speaks About Interest Rate Cut, Krone Down

The Norwegian krone fell today as the head of the central bank indicated that he may ease monetary policy as a measure to bring inflation, which was slowing due to the currency’s strength, closer to the bank’s target.

Norwegian Policy Makers Think Krone Too Strong

The Norwegian krone fell a little against the US dollar today and may retreat even further on speculations that policy makers will try to push the exchange rate down. The currency remained firm against the euro.

Krone Rises as Norges Bank Does Not Plan to Buy Foreign Currency

The Norwegian krone climbed today as Norway’s central bank indicated that it is not going to buy foreign currency for the government fund. On the negative side, unemployment growth stalled in August.

Positive Fundamentals in Norway Benefit Krone

The Norwegian krone advanced today after the set of good macroeconomic reports from the country added to the attractiveness of the currency. The attractiveness that was boosted further by the positive sentiment on the Forex market.

Norges Bank Unexpectedly Cuts Interest Rates, Krone Slumps

The Norwegian krone slumped against the US dollar yesterday and remained weak today as the nation’s central bank cut its key interest rate, surprising market participants and making them shun the Norwegian currency. Despite that, the krone was higher against the euro today.

Norwegian Krone Falls on Trader Minister’s Comments

The Norwegian krone slumped after the country’s trade minister said that the strong currency is hurting Norway’s exporters, causing traders to speculate about possible intervention.

Will Norges Bank Stop Cutting Interest Rates? Traders Hope So, NOK Rallies

The Norwegian krone continued to rally today, following yesterday’s gains, on the speculation that the nation’s central bank will end its interest rate cuts as the Norwegian economy demonstrates positive developments.

Norway Krone Gains, Central Bank Ready for Intervention?

The Norway krone fell today as Norway’s central bank and government were concerned about an impact of the strong currency on the nation’s economy.

12

Archives

SUBSCRIBE

Searching for a proper Forex broker? See the list of recommended Forex brokers.