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Friday, May 20, 2022

Tag: currency

Best summer ever for Hurtigruten

Norway's iconic coastal shipping line Hurtigruten is sailing through what's likely to become its best summer season ever this year. Rainy and chilly weather in...

Krone falls along with oil prices

It was costing more than eight Norwegian kroner to buy one US dollar on Monday morning, the weakest level for Norway's currency in several...

Rate cut aimed at boosting growth

The board of Norway's central bank finally acted on its plans to lower interest rates before the summer holidays set in, noting that wage growth...

‘Kroner’ fell again on weak orders

It was costing nearly eight Norwegian kroner to buy one US dollar Tuesday morning, after the country's newly battered currency slumped against most others'...

Central bank defies predictions again

The board of Norway's central bank once again defied the predictions of economists and analysts by refusing on Thursday to further reduce its already record-low key...

DNB, Hydro profit amidst concerns

Not all of Norway's companies are reporting dismal profits this week, as a flood of first-quarter results were being announced. Norway's biggest bank, DNB, logged...

No cut in rates, krone rebounds

UPDATED: Norway's central bank defied the expectations of analysts and economists on Thursday, with its board opting against another cut in its key lending...

Dollar hits new high against the krone

For the first time in 13 years, the US dollar was trading at just over NOK 8 on Tuesday. The move reflects an ongoing...

Weak krone cheers tourism industry

Norway's currency, the krone, weakened again on Tuesday in line with another fall in oil prices. That put smiles on the faces of those...

Krone dives again, but may resurface

The value of the Norwegian currency, the krone, was down again on Tuesday, with one US dollar costing NOK 7.73 by midday. Consumers have been...

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