Tagged: currency

On currency and oil

Musings about progress and restructuring Rasmus Falck Oslo, Norway In his annual speech, the Governor of the Bank of Norway recently said that oil prices have fallen sharply over the past six months. Even...

Norwegian krone increasingly cheap

Visitors to Norway benefit from the decline M. Michael Brady Asker, Norway If you plan travel to Norway, now may be the time; you will cut the cost of your stay there, as the...

Money supply increases

The twelve-month growth in total money supply (M2) was 2.6 per cent to end-June, up from 1.1 per cent to end-May. The increase in the M2 growth came from enterprises and households. The total...

Good start to the year

Norwegian banks’ profits in the first quarter of 2010 amounted to NOK 6.2 billion. This is NOK 2.3 billion better than last quarter and NOK 1.5 billion higher than the first quarter of last...

Norway wealth fund falls to $443 billion in October

Norway’s sovereign wealth fell by 1.9 percent to a preliminary NOK 2.497 trillion ($442.6 billion) in October from 2.546 trillion at the end of September, central bank data showed on Friday. The fund’s value...

Norwegian bank DnB NOR makes $2.4 billion cash call

Norway’s largest financial group, DnB NOR ASA, said it would try to raise capital with a NOK 14 billion ($2.4 billion) rights issue to offset losses suffered during the financial crisis. Despite first-quarter gains,...

Norwegian Krone at 10-day low against US Dollar

Extending its last week’s downtrend, the Norway’s currency slumped to a 10-day low against its US counterpart following the Statistics Norway report showed that the nation’s annual inflation slowed in July. The Norwegian krone...

Krone Favorite as Plunge Leaves Norway ‘Undervalued’

July 27 (Bloomberg) — The Norwegian krone, the third-worst performer against the euro since mid-2008, has become currency strategists’ favorite bet. Buying kroner versus euros will return more in the next year than all...

Norway’s krone: the new safe haven currency?

The Swiss National Bank’s decision to intervene to weaken the franc has left currency investors with one less haven from the financial crisis. Its move comes at a time when there are also questions...