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Mar 19, 2020 · Experts described the historic collapse of the Norwegian krone as a “fire sale” as it recorded the biggest single day fall in modern times. The Norwegian krone was already at record low against the US Dollar when the currency market hit the panic button on Wednesday.
May 3, 2023 · Knudsen notes that energy prices, which often fuel the krone, topped out last summer. Expectations for Norwegian interest rates are also weaker than they are for rates globally. “This can be the start of a new regime with a weaker krone,” he said, noting how the krone has tumbled 7 percent just since New Year.
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Mar 22, 2020 · The previous “record” was December 16, 2014, when the krone exchange rate fell 60 cents in a short time, E24 writes. Sensitive to oil prices The foreign exchange market is in complete panic. Magne Østnor, a currency strategist at DNB Markets, describes it as a fire sale.
Aug 27, 2021 · Published Aug. 27, 2021 Updated Sept. 3, 2021 12:15 PM PT. Northern California has so far borne the brunt of the 2021 fire season. One of the largest fires in the state’s history, the Dixie fire ...
- Matthew Ballinger
- Deputy Editor, Content Business Strategy
- matthew.ballinger@latimes.com
May 30, 2023 · Since February this year, the krone has weakened by more than one krone against the dollar, which hasn't been stronger since 2020. The Norwegian krone has also weakened against the euro in the last two weeks, from around 11.54 kroner to 11.91 today. Things aren't any better when it comes to the British pound: the krone has weakened sharply ...
- Robin-Ivan Capar
- news@thelocal.no
Mar 18, 2009 · Ashraf Laidi at CMC Markets says the fact that the krone fell against both the dollar and the euro during the turbulence following the collapse of Lehman Brothers in September means it cannot...
Sep 14, 2020 · The third and fourth biggest fires also started last month. At least 24 people have died in California alone, and officials worry that the toll will continue to rise in coming weeks as more places ...
