EURNOK Euro vs Norwegian Krone

The Norwegian krone strengthened against the euro in the European session on Thursday, after Norway central bank announced to hold its key interest rates unchanged.

Norway central bank held its key interest rates unchanged, defying expectations for further reduction, citing small impact on the economy from lower oil prices and rising housing prices.

The Executive Board of the Norges Bank left the sight deposit rate at 1.25 percent, while economists' had predicted a cut to 1 percent.

Against the euro, the krone rose to a 3-day high of 8.6350 from an early low of 8.9304. At yesterday's close, the krone was trading at 8.8697 against the euro.

If the krone extends its uptrend, it is likely to find resistance around the 8.35 area.

Euro vs NOK (FX:EURNOK)
Graphique Historique de la Devise
De Mai 2024 à Juin 2024

Euro vs NOK (FX:EURNOK)
Graphique Historique de la Devise
De Juin 2023 à Juin 2024