NOK news & headlines
Latest breaking stories, features and analysis
- The USD/NOK declined slightly ahead of Norway's inflation data.
- Analysts expect the headline CPI rose to 1.7% in August while core CPI rose to 3.5%.
- The pair will also react to US jobless claims data.
Latest NOK news
The USD/NOK pair is down by 0.2% as investors react to the overall weaker dollar and unemployment rate numbers from Norway. The pair is trading at 9.1425, which is its lowest level since January 27 this year. Norwegian krone in high spirits The Norwegian krone has been in an upward trend in the past few months. The USD/NOK has declined by more than 15% in the past three months, making krone the best-performing currency in the developed world. The...
The USD/NOK pair rose by almost 0.50% due to risk aversion after China announced a new cluster of coronavirus infections. The pair is trading at 9.6780, which is higher than last week’s low of 9.1960. Norwegian krone falls as crude oil declines Norway is the second-biggest oil-exporting country in Europe after Russia. It exports more than 1.1 million barrels every day, making the Norwegian krone overly sensitive to oil prices. For example, the cu...
The USD/NOK rose by more than 1.35 per cent as the price of crude oil dropped sharply during the Asian and European sessions. USD/NOK jumps after crude oi price l tumbles Norway is one of the biggest crude oil exporters in Europe. According to Worldometer, the country produces more than 2 million barrels making it the 13th biggest producers. Most of this oil, about 1.7 million barrels, is exported. Therefore, the price of crude oil and the Norweg...
The USD/NOK pair fell slightly even as data by Statistics Norway showed that the economy contracted in the first quarter. The decline was partly due to relatively stable crude oil price, with Brent rising by more than 1 per cent. Norway GDP data The Norwegian economy is facing the challenge of low oil prices and the coronavirus pandemic, which has killed more than 200 people. According to the statistics office, the mainland GDP contracted by a se...
The USD/NOK pair rose slightly after the Norwegian central bank delivered a surprise interest rate decision. The price is also reacting to the upbeat crude oil prices. Norges Bank interest rate decision The Norwegian central bank concluded its two-day monetary policy today and slashed interest rates to zero. This was a surprise move because most analysts polled by Bloomberg and Reuters were expecting the members to leave rates unchanged. The bank...