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Tuesday, October 4, 2022

Tag: currency

‘Krone’ dives after oil prices sink again

Norway's already weakened currency, the krone, took a new dive on Tuesday, falling to its lowest level against neighbouring Sweden's kronor in 20 years....

Norges Bank: ‘No interest rate cut’

The executive board of Norway's central bank, Norges Bank, has decided against another cut in its key lending rate, at least for now. Despite...

Krone sinks to new low against the dollar

Norway's currency, the krone, sunk to a new low against the US dollar on Wednesday afternoon. At around 4:30pm, it was costing NOK 8.60...

Still ‘no crisis’ as more jobs vanish

A new analysis of Norway's job market warns that as many as 200,000 full-time jobs may disappear over the next five years because of the...

Krone weakens as oil price tumbles

UPDATED: Norway's currency, the krone, continued to weaken on Wednesday after the price of a barrel of Norway's North Sea crude oil dipped below USD...

Border shopping will demand new currency

Norwegians who regularly travel over the border to go shopping in Sweden, where prices are lower, need to use up any supplies they may have...

Tourism booms as economy weakens

Amidst all the recent concern over falling oil prices and rising unemployment, Norway's important tourism industry is reporting a banner year. Hotels and, not least,...

Stocks recover but krone stays weak

Norwegian share prices and foreign exchange rates continued to swing in the midst of more market turbulence on Thursday. Share prices rose, but the krone remained weaker...

Krone falls and rises with wild market

Norway's currency continued its wild ride this week, both falling and recovering along with markets that grabbed attention worldwide. The krone gained against the US...

Krone falls again along with oil prices

Norway's krone has weakened once again in line with another fall in oil prices. The new signals of economic unrest also set off a...

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