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Norwegian Krone Climbs To 3-week High Versus Euro

The Norwegian Krone drifted higher against the euro in European deals on Tuesday, amid higher oil prices, as well as remarks by the Fed Chair Janet Yellen indicating the willingness to delay U.S. rate hike due to last week's "disappointing" and "concerning" jobs report.

The Norwegian Krone strengthened to 9.2257 versus euro, its strongest since May 17. The Norwegian currency is likely to find resistance around the 9.20 zone. The pair finished Monday's trading at 9.2763.

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Forex News

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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