Posts Tagged ‘Weakest’
Norwegian Krone Weakest Currency Across the Board Over Past Month
Author: Germina Lake
Norwegian Krone Weakest Currency Across the Board Over Past Month
OVERVIEW Norways FinMin Johnsen has been on the wires expressing serious concern over the strength of the krone and the need to shelve monetary tightening for as long as possible to stem further NOK appreciation. There is no doubt that the stronger currency has had a detrimental impact on exports in Norway, with the central bank reacting in recent months and moving to leave rates on hold at the …
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