Global Broker Regulation Inquiry App

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

您当前语言与浏览器默认语言不一致，是否切换？

切换

Download

Home -

Original -

Main body -

WikiFX Express

Sri Lanka to turn off street lights as economic crisis deepens

Euro, $ jumps vs Norwegian crown after central bank says to buy foreign currency

WikiFX

| 2022-03-31

Abstract：The euro and the dollar jumped against the Norwegian crown as oil prices fell and after Norways central bank said it would buy foreign currency for its sovereign wealth fund in April.

Norges Bank plans to exchange 2 billion crowns ($231.9 million) per day into foreign currency, which will, in turn, be invested abroad by the wealth fund, already the worlds largest with assets of $1.3 trillion.

Economists have said a switch to buying foreign exchange and thus selling crowns may weaken the currency.

Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, affecting oil-sensitive currencies like the Norwegian crown.

The euro was up 1.6% at 9.6988 crowns per euro at its highest level since March 18. The dollar rose 1.7% against the Norwegian crown.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Sri Lanka to turn off street lights as economic crisis deepens

Never Heard of Dynasty Trade? Here's Why You Should Be Worried

Have you heard this name before? No , it’s time you do because staying unaware could cost you. This platform is currently active in the forex trading and has been linked to several suspicious activities. Even if you’ve never dealt with it directly, there’s a chance it could reach out to you through ads, calls, messages, or social media. That’s why it’s important to know the red flags in advance.

Original 12h

Want to Deposit in the EVM Prime Platform? Stop Before You Lose It ALL

Contemplating forex investments in the EVM Prime platform? Think again! We empathize with those who have been bearing losses after losses with EVM Prime. We don't want you to be its next victim. Read this story that has investor complaints about EVM Prime.

Original 13h

WEEKLY SCAM BROKERS LIST IS OUT! Check it now

If you missed this week's fraud brokers list and are finding it difficult to track them one by one — don’t worry! We’ve brought together all the scam brokers you need to avoid, all in one place. Check this list now to stay alert and protect yourself from fraudulent brokers.

Original 14h

Catch the Latest Update on BotBro & Lavish Chaudhary

BotBro, an AI-based trading platform, became popular in India in 2024—but for negative reasons. Its founder, Lavish Chaudhary, who gained a huge following by promoting it heavily on social media. Since then, he has become well-known, but for many controversies. Let’s know the latest update about Botbro & Lavish Chaudhary.

Original 14h