No fx purchases by Norges Bank in July
Norges Bank made an official statement regarding fx purchases in July. They promised to not purchase any foreign currency in the current month.
They are otherwise one of the usual suspect for large transactions in foreign currency, especially when considerable amounts of petroleum are sold from Norway. The monthly allocations are determined by The Ministry of Finance every month.
The Norwegian Krone has strengthen from 9.15 to 8 for one Euro the latest year. Many currency analysts expect the NOK to rise even further.
