The Norwegian Krone lifted from two week lows against the Dollar and Pound on Thursday after the Norges Bank reiterated its intention to begin lifting interest rates later this year, although it continued to make that commitment contingent upon “clear signs that economic conditions are normalising.”
May 6,2021
The Norwegian Krone was again an underperformer among major currencies ahead of Thursday’s monetary policy decision from the Norges Bank, which could be more of an upside risk to the oil-linked currency than is commonly appreciated.
May 5,2021
The Dollar remains well supported in the wake of comments overnight from a senior U.S. official that warned of the need for higher interest rates in the U.S. to prevent the economy from overheating.
May 5,2021
The Euro-to-Dollar exchange rate entered the new week appealing for dip buyers to salvage its earlier recovery after a U.S. Dollar power surge asked fresh questions of the short-term outlook for the single currency.
May 3,2021
The Euro has advanced against a broadly weaker U.S Dollar over the course of the past 24 hours, with analysts saying the door is ajar to a fresh test of the 2021 high.
April 29,2021
Foreign exchange strategists at investment bank Nomura are forecasting a rally higher in the Euro against the Dollar driven by positive portfolio flows over coming weeks and months.
April 28,2021
The Turkish Lira outperformed developed and emerging market counterparts on Tuesday despite widespread U.S. Dollar strength and could now be on the cusp of a more durable turnaround against the both the greenback and European single currency, according to technical analysts at Commerzbank.
April 27,2021
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