BLBG:Krone Slips Versus Dollar as Olsen Says Risk Currency to Weaken
The krone fell against the dollar as central bank Governor Oeystein Olsen said there’s a risk for investors that the Norway’s currency will weaken.
The krone depreciated 0.1 percent to 5.7883 per dollar at 10:14 a.m. London time, after strengthening to 5.7643.
“At some point there is a risk for investors that the krone weakens,” Olsen said in an interview in Oslo today. “For short-term investors this is a risk that we have underlined may times, we are not like the Swiss franc, we are not as voluminous, so the door is much more narrow than in Switzerland.”
To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
