{"id":12111,"date":"2010-08-17T08:30:25","date_gmt":"2010-08-17T12:30:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12111"},"modified":"2010-08-17T08:30:25","modified_gmt":"2010-08-17T12:30:25","slug":"norway-holds-interest-rates-steady-nok-sees-muted-gains","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/17\/norway-holds-interest-rates-steady-nok-sees-muted-gains\/","title":{"rendered":"Norway Holds Interest Rates Steady; NOK Sees Muted Gains"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; Norway\u2019s central bank decided to leave interest rates unchanged last  week, a decision which was broadly anticipated. Comments from Norges  Bank Governor Svein Gjedrem seem to suggest that Norway\u2019s economic  growth and inflationary figures are on track with what they expected.<\/p>\n<p>Since this key decision was made last  week, the Norwegian krone (NOK) has steadily gained ground against its  European and American rivals, the EUR and USD, respectively. Against the  euro, the krone peaked just above 8.0000 before regaining its composure  and climbing back to currently trade near 7.9060, almost a thousand  pips higher since last week.<\/p>\n<p>The USD\/NOK tells a slightly different story. Following the bank\u2019s  decision to hold rates, the krone in fact experienced initial difficulty  to gain strength against a broadly ascending US dollar. However, now  that momentum has shifted somewhat, we see the NOK paring losses against  the greenback. The pair climbed as high as 6.2286 last Wednesday before  stabilizing. As of this morning, the USD\/NOK has begun a steady decline  and currently trades at 6.0815.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                may not be suitable for   all            investors.       There    is  a              possibility           that             you   could       sustain a  loss   of  all     of       your                 investment and            therefore  you             should   not       invest        money  that   you              cannot    afford to            lose. You         should    be       aware  of        all       the     risks         associated     with       Foreign          Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; Norway\u2019s central bank decided to leave interest rates unchanged last week, a decision which was broadly anticipated. Comments from Norges Bank Governor Svein Gjedrem seem to suggest that Norway\u2019s economic growth and inflationary figures are on track with what they expected. Since this key decision was made last week, the Norwegian &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/17\/norway-holds-interest-rates-steady-nok-sees-muted-gains\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Norway Holds Interest Rates Steady; NOK Sees Muted Gains&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12111","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12111"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}