Tag: EURNOK

EUR / NOK extends lower to the 10.0600 area. Norges Bank raised the policy rate to 0.25%, as expected. The bank’s rate path signals another hike in December. The Norwegian Crown is even more appreciated compared to its European counterpart and drags the EUR / NOK to new 3-month lows near 10.0600. EUR / NOK […]

EUR / NOK rises to new yearly highs beyond 10.7000. NOK continues to be offered on risk aversion and falling oil. Norges Bank is expected to raise rates in September. The Norwegian krone depreciates further and rises to EUR / NOK to new year highs in the region of 10,7000 on Tuesday. EUR / NOK […]

EUR / NOK regains strength above 10.00. Norway’s CPI-ATE rose 2.0% YoY, 0.45 MoM. A barrel of Brent crude is approaching $ 69.00. The Norwegian krone gives up part of the previous earnings and now motivates the EUR / NOK to recover the level 10.00 and more on Monday. EUR / NOK bounces from 9.9500 […]