Norway Krone Strengthens as Rate Speculation Fades: Oslo Mover
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Norway’s krone jumped, snapping two days of losses, as rising stocks and speculation the central bank has finished cutting interest rates fueled gains in the currency of the world’s seventh-largest oil exporter.
The krone, last month’s best performing major currency against the dollar and the euro, rose 0.3 percent against the euro to 7.4569 and to 5.6878 per dollar as of 3:36 p.m. in Oslo. It was the second-best performer today versus the U.S. currency and the euro after the New Zealand dollar.