Scandi Plays Pop As Norway Raises Rates

13 Dec 2007

The Norwegian krone strengthened against the Swedish krona over the last week, boosted by an interest-rate rise from Norway's central bank, Norges.

The Norwegian krone strengthened against the Swedish krona over the last week, boosted by an interest-rate rise from Norway's central bank, Norges. The previously dovish bank raised its key policy rate by 25 basis points. On the announcement Wednesday, spot for the NOK/SEK bounced to SEK1.1885 during trading, ...

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