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
Euro, $ jumps vs Norwegian crown after central bank says to buy foreign currency
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.
Read more
How popular is MT4/MT5 in Southeast Asia?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by MetaQuotes Software, are two of the world’s most widely used retail forex trading platforms. In Southeast Asia—a region home to rapidly growing retail trading communities—both platforms have made significant inroads. This article examines their relative popularity, regional usage patterns, and the factors driving traders’ preferences.
MTrading Users Report Withheld Funds and High Withdrawal Fees
Traders from Kenya and Thailand have had bad experiences with MTrading as they faced withdrawal restrictions, higher deposit fees, and refusal to release funds. Is MTrading safe to trade forex?
What is smartytrade?
SmartyTrade is an emerging online trading platform that gives investors access to a wide range of global markets. Since its launch, the broker has positioned itself as a one-stop shop for trading CFDs, forex pairs, cryptocurrencies, commodities, and even binary options—all through intuitive web and mobile interfaces.
Yen's Dramatic Rebound: What Should Investors Do Now?
The recent dramatic rebound of the yen has caught the attention of investors, prompting them to reassess their strategies. This article will analyze the reasons behind the yen's movement and provide recommendations for investors.
WikiFX Broker
Latest News
MTrading Users Report Withheld Funds and High Withdrawal Fees
WikiFXHow popular is MT4/MT5 in Southeast Asia?
WikiFXYen's Dramatic Rebound: What Should Investors Do Now?
WikiFXSEC Charges Dallas Trio in $91M Ponzi Scheme Defrauding Investors
WikiFXValetax $35 No Deposit Bonus
WikiFXWhat is smartytrade?
WikiFXUS Authorities Crack Down on North Korea-Linked Cambodian $4B Scam
WikiFXWill Gold Hit $4,000 in 2025? Key Drivers to Watch
WikiFXMoonPay Opens U.S. Headquarters in NYC Amid Crypto Growth
WikiFXThe Trader’s Dilemma: Dead Cat Bounce vs. Genuine Recovery
WikiFXCurrency Calculator
