Norwegian Krone Rises To 9-day High Vs Euro After Norges Bank Rate Decision
12 Mai 2016 - 6:54AM
RTTF2
The Norwegian krone strengthened against the euro in the early
European session on Thursday, after Norway's central bank kept its
key policy rate unchanged.
The Executive Board of the Norges Bank decided to retain the
interest rate at 0.50 percent.
Against the euro, the krone rose to a 9-day high of 9.2337 from
an early low of 9.3324. At yesterday's close, the krone was trading
at 9.3277 against the euro.
If the krone extends its uptrend, it is likely to find
resistance around the 9.14 area.
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