Donald Trumps election victory has provided a major impact in the currency markets. The Norwegian krone has depreciated sharply against the euro, and will stay there for a good while to come, according to valutaanalytiker.
The sign-E24.
the Euro is strengthened with 16 ear against the crown. A euro traded around at half past seven on Wednesday morning to 9,22 million.
the Dollar, however, has been somewhat weakened against the crown. A dollar costs now 8,17 million, down 0.6 per cent.
Otherwise, the crown weakened against several currencies. The japanese yen has been strengthened with 2,76 per cent against the crown, and the costs now 8,05 million. The pound has been 0,58 per cent more expensive for norwegians, and costs now 10,23 money. Also the swiss francen has been strengthened. A franc costs at the time of writing 8,53 million, up 1,55 per cent.
– the Development has been in line with what we had expected Trump was president, and the market now appears to price this in. Generally, there are three currencies which confirms the market risk we now see, and which thus do well under such a outcome: the euro, the yen and the swiss franc, says the Interest rate and valutastrateg Nils Kristian Knudsen in Handelsbanken Capital Markets to the site.
He believes that the crown forward will remain at a weaker level against the euro than it has done since september.
– We look for us a period where the rate is in excess of nine million. At the end of the year, we expect a rate of between 9 and 10, ” Knudsen says to E24.
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