Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Norway won’t buy foreign currency for wealth fund next month

Posted on 01 November 2012

Norway’s central bank said it won’t buy any foreign currency for its $650 billion sovereign wealth fund next month amid changes in the nation’s strategy to hedge against overheating.
The decision sent the krone higher, and Norway’s currency rose as much as 0.7 percent against the euro to trade at 7.3961 as of 12:26 p.m. in Oslo. Versus the dollar, the krone soared as much as 1 percent to trade at 5.6818. The gains made the krone today’s best-performing major currency against the euro, the dollar and the yen………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031