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Home » FOREX-Norges Bank sends Norwegian crown higher as dollar seeks direction

FOREX-Norges Bank sends Norwegian crown higher as dollar seeks direction

    The Norwegian crown rose from six-week lows against the dollar and the euro on Thursday after Norges Bank raised interest rates, as expected, and said it was likely to hike again in September. The dollar hovered around a two month-high after Federal Reserve meeting minutes left the door open for more rate hikes and data this week indicated a resilient U.S. economy. Against the dollar, the Norwegian crown was last up 0.2% to 10.59, having fallen as low as 10.66 earlier in the session.

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