Norwegian Krone Climbs To 3-week High Versus Euro
07 Juni 2016 - 8:48AM
RTTF2
The Norwegian Krone drifted higher against the euro in European
deals on Tuesday, amid higher oil prices, as well as remarks by the
Fed Chair Janet Yellen indicating the willingness to delay U.S.
rate hike due to last week's "disappointing" and "concerning" jobs
report.
The Norwegian Krone strengthened to 9.2257 versus euro, its
strongest since May 17. The Norwegian currency is likely to find
resistance around the 9.20 zone. The pair finished Monday's trading
at 9.2763.
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