11 Feb 2015
EUR/NOK reaches weekly high
FXStreet (Córdoba) - EUR/NOK rose sharply throughout the day and reached a 6-day high as the Norwegian krone weakened over the last hours, tracking oil losses.
EUR/NOK had printed a 2 ½-month low of 8.5359 earlier on the day, but bounced and climbed all the way to 8.6573 as oil dropped briefly below $49 a barrel following inventories data. At time of writing, EUR/NOK is trading at 8.6510, recording a 0.91% gain on the day.
Meanwhile, an Eurogroup meeting gets underway with Greek debt negotiations taking center stage and driving markets’ sentiment.
EUR/NOK had printed a 2 ½-month low of 8.5359 earlier on the day, but bounced and climbed all the way to 8.6573 as oil dropped briefly below $49 a barrel following inventories data. At time of writing, EUR/NOK is trading at 8.6510, recording a 0.91% gain on the day.
Meanwhile, an Eurogroup meeting gets underway with Greek debt negotiations taking center stage and driving markets’ sentiment.