North Europe

Norway is well placed to face currency shocks according to bank Governor Olsen

Norway is well poised to face new currency shocks and challenges and doesn’t suffer the same economic problems as its trading partners, Norges Bank Governor Oystein Olsen said last week. His comments lifted the Norwegian krone to its highest levels against the euro since March, just before the central bank made a cut to its key interest rate. “While many o
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More North Europe Foreign Exchange News

Swedish krona exchange rate moves higher against the euro on growth report

The Swedish krona’s exchange rate moved higher against the euro last week, paring a third monthly decline, after a government report showing the economy returned to growth in the first quarter boosted demand for the country’s currency.The kro

Investors with Icelandic krona assets see delays in exiting their holdings

Investors with about 3 billion in Icelandic krona assets risk delays in exiting their holdings as steps to ease the restrictions by 2015 show signs of faltering. At last week’s currency ...

Norway’s central bank may need to cap the Norwegian krone’s foreign exchange rate

Norway’s central may need to establish a Swiss style floor for the Norwegian krone to euro foreign exchange rate as it has limited ability to cut interest rates further without ...

Swedish krona foreign exchange rate moves higher on strong retail sales

Swedish krona fans are smiling Thursday after a blast of strong retail sales data kicked the Swedish krona’s foreign exchange rate higher, but the outlook isn’t wholly bright as the ...

Iceland’s central bank raises interest rates after krona exchange rate slips lower

Iceland’s central bank raised interest rates for a third time in seven months to contain inflation after the Icelandic krona’s foreign exchange rate slipped and economic growth picked up. The seven-day ...

Governor warn’s that Norwegian krone foreign exchange rate may weaken

Norway’s central bank Governor Oeystein Olsen said investors should be aware that the Norwegian krone’s foreign exchange rate may weaken and that it’s a riskier investment than the Swiss franc. “At ...

Riksbank says a weaker Swedish krona foreign exchange rate helps with inflation

Riksbank Deputy Governor Karolina Ekholm said the recent weakening of the Swedish krona’s foreign exchange rate has eased the need for policy makers to revise their inflation forecast lower.The currency ...

Iceland is now safe to invest in again says ratings agency Fitch

Iceland is now safe to invest in again, according to ratings agency Fitch, which has upgraded its credit rating three years after its economy spectacularly collapsed, as Fitch raised Iceland’s ...

Swedish krona foreign exchange rate lower against euro on poor economic data

The Swedish krona’s foreign exchange rate slid lower against the euro and was weaker against all of its 16 major peers after a report showed that Sweden’s economy contracted more ...

Norway’s Central Bank not ruling out another cut in interest rates

Norway’s central bank hasn’t ruled out another cut in interest rates, the bank’s governor Oystein Olsen said Wednesday, a sign the bank may be ready to curb the sharp appreciation ...

Swedish krona foreign exchange rate falls after Riksbank cuts interest rates

The Swedish krona’s foreign exchange rate fell to a two week low against the US dollar after the Riksbank, Sweden’s central bank cut its benchmark interest rate and lowered its ...

UBS bank changes euro currency forecast against the Norwegian krone

Swiss banking giant UBS has changed its three month euro forecasts against the Norwegian krone and Swedish krona Thursday citing that recent strength in the Scandinavian countries could slow. The bank ...

Iceland rules for non adjustment of foreign currency linked loan interest rates

Iceland’s Supreme Court have ruled that lenders can’t adjust interest rates higher on foreign currency linked loans that it found illegal in 2010, overruling a government law from 2010. Lenders must ...

Norwegian krone foreign exchange rate rises as European stock markets gain

The Norwegian krone’s foreign exchange rate rose versus all but two of its 16 major counterparts including the euro and US dollar as European stock markets gained for a fourth ...

Money Transfers from UK Sterling (GBP) to Norwegian Krone (NOK)

If you are looking to send money to or from UK sterling (GBP) to Norwegian Krone’s (NOK), banks will charge you a fee, bundled with a poor exchange rate for ...

Swedish krona foreign exchange rate rises to a 5 week high against the US dollar

The Swedish krona’s foreign exchange rate rose to a 5 week high against the US dollar as French and Spanish auction results boosted optimism Europe’s debt crisis will be contained, ...

Money Transfers from UK Sterling (GBP) to Swedish Krona (SEK)

If you are looking to send money to or from UK sterling (GBP) to Swedish Krona’s (SEK), banks will charge you a fee, bundled with a poor exchange rate for ...

Swedish krona foreign exchange rate gains on bets Riksbank may refrain from a rate cut

The Swedish krona’s foreign exchange rate gained in currency trading, to its strongest level in more than a week against the US dollar after Sweden’s central bank signaled it may ...

Sweden may join the UK and refuse to sign up to new European budget deal

Sweden said on Tuesday it is uncertain of signing up to a European deal on budget discipline, vetoed last week by the UK, raising prospects it could join Britain on ...

Iceland’s Sedlabanki holds the country’s interest rate at 4.75 percent

Iceland’s Sedlabanki held its seven day collateral interest rate unchanged at 4.75 percent today. The Bank said: “The nominal policy rate path required to bring inflation back to target is highly ...

Iceland’s central bank raises interest rates, second time in three months

Iceland’s central bank raised its interest rates for a second time in more than three months as policy makers try to shield the Icelandic krona from market turbulence fueled by ...

Sweden’s Scania needs to become more German

Swedish truck maker Scania needs to become more German, its chief financial officer Jan Ytterberg said Friday, commenting on the Swedish krona’s increased strength against all the currencies that are ...

Iceland voices concerns over the euro as the Icelandic krona recovers

Iceland is voicing concerns over the euro as it’s own currency, the Icelandic krona makes a recovery but remains volatile to corrections. “Compared to the Icelandic krona, the euro is like ...

A more stable Swedish krona exchange rate hoped for by TeliaSonera

A more stable Swedish krona foreign exchange rate would make it easier for Swedish telecommunications firm TeliaSonera to explain its operational performance, according to Lars Nyberg after unfavourable currency movements ...

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