Possible Sharp Swings in the Norwegian Krone Exchange Rate AFoot
Norways economic data releases are normally posted at 10am each day, but that is about to change next month to 7am. Currency traders and bond merchants are up in arms about this change and intend to fight it stating that the time change to an earlier slot will damage trade and make it difficult to get their children to school.
They further stated that releasing growth and job numbers at such an early time could lead to sharp swings in the Norwegian Krone exchange rate as there will be few traders Read more