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The euro is trading at its lowest level against the Norwegian krone since August 2015.  The euro is near its best levels against the Swedish krona in nearly as long.  The euro is trading at its lowest level against the Norwegian krone since August 2015.  The euro is near its best levels against the Swedish krona in nearly as long.  Through the first three-quarters of the year, the US dollar has fallen against most of the major currencies.  There are two exceptions.  Sterling’s story is Brexit.  The Swedish krona is the only other major currency that has fallen against the dollar (~2%).  In contrast, the Norwegian krone is second strongest of the majors, gaining almost 10% against the dollar (trailing the yen’s 18.7% gain).

North seaOceans generalNorway norges bankNorges bankRiksbank governor ingvesGovernor olsenவடக்கு கடல்கவர்னர் ஓல்‌ஸெந்