After several days gaining versus the dollar and the euro, the Norwegian currency slid versus main traded currencies as a bearish day in equities markets and decreased demand for commodities shunned investors from assets in the Nordic country.
The Norwegian krone was affected today as the crude oil, the nation’s chief export, had a decline on its rates after China imposed new lending requirements for banks in the country, affecting markets’ sentiment, consequently impacting stock markets and demand for
USD/NOK traded at 5.6518 as of 19:08 GMT from today’s opening rate of 5.6174.
If you have any questions, comments or opinions regarding the Norwegian Krone,
feel free to post them using the commentary form below.
