On Tuesday morning, the dollar was below ten kroner for the first time since mid-March. The krone has also strengthened against the euro.
The reasons are, among other things, the rise in the oil price and a more optimistic mood in the stock markets, writes E24.
At 9 a.m., one US dollar cost 9.97 kroner. Early on Tuesday afternoon the price was the same after rising to just over 10 kroner in the morning.
“There are several things driving the krone exchange rate up today. The good sentiment in the market, a rising oil price and the market digesting the news about Norges Bank’s krone purchases are contributing to the upswing,” says analyst Joachim Bernhardsen of Nordea Markets to E24.
The krone has also strengthened against the euro. At 13.30 on Tuesday, one euro cost 10.93 kroner.
© NTB Scanpix / #Norway Today