By Nicole Hong, MarketWatch SAN FRANCISCO (MarketWatch) The Canadian dollar has dropped as much as 13% against the US dollar since July, sinking to its lowest level in more than a year, as currencies highly correlated with commodities reel under … 25 Vote(s) Read More Canadian dollars drop may outpace Aussie, krone
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The Swedish central bank, the Riksbank, hiked rates as expected today to 2 per cent. This caused a mini rally in the Scandinavian currency. But interestingly, although the Swedish economy has been one of the top G10 performers of 2010, inflation is rising and its fiscal position is exemplary when Read More What Now for [...]
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Norway krone fell today as the central bank would refrained from increasing the interest rates and on the speculation that the bank would slow the monetary tightening in the future.(…)Read the rest of Norwegian Krone Drops on Outlook for Interest Rates (65 words) Posted on Forex News. Read More Norwegian Krone Drops on Outlook for Interest Rates
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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 7 Vote(s) Read More Norways Krone Falls on Chinas Reserve Requirements
Posted in FX News | Tagged chinas, falls, krone, norways, on, requirements, reserve
The krone rose today as Norway’s chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week’s trading session as concerns regarding Europe’s rising budget deficit eased slightly to 5 Vote(s) Read More Crude Oil Advance Favors Norways Krone
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The Norwegian krone slid today versus the world’s main traded currencies, as the nation’s benchmark interest rates were maintained on hold by the nation’s central bank, and are unlikely to be raised as soon as speculators hoped.(…)Read the rest of Norway’s Krone Falls on Central Bank Warning (61 words) Posted on Forex News. Read More Norways Krone Falls on Central Bank Warning
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After several days gaining versus the dollar and the euro, the Norwegian currency slid versus main traded currencies as a bearish day in equities markets and decreased demand for commodities shunned investors from assets in the Nordic country.(…)Read the rest of Norwegian Krone Tumbles as Commodities Rally Slow Down (61 words) Posted on Forex News. Read More Norwegian Krone Tumbles as Commodities Rally Slow Down
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The krone fell today from the highest rate since September 2008 as the nation’s government finally expressed concern regarding the currency’s strength, halting a rally versus the euro that started in the end of 2009.(…)Read the rest of Norwegian Krone Falls From 16-Month High (62 words) Posted on Forex News. Read More Norwegian Krone Falls From 16Month High
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The Norwegian krone benefited today from a high rise in the crude oil rates, as Norway is one of the main suppliers of energy for the European Union, helping its currency to gain sharply versus the euro in foreign-exchange markets.(…)Read the rest of Norwegian Krone At 12-Month High Versus Euro on Oil (62 words) Posted on Forex News. Read More Norwegian Krone At 12Month High Versus Euro on [...]
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The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently the krone.(…)Read the rest of Norwegian Krone Down Despite Central Bank Optimism (73 words) Posted on Forex News. Read More Norwegian Krone Down Despite Central Bank Optimism
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