Norway is ready to stimulate economy

Source: Bloomberg
© Scanpix/Reuters
Norway will add stimulus to its economy if situation in Western Europe continues deteriorating, which has already harmed Norway's exports. The government increased spending by 19% as an election is approaching. The Krone jumped 0.33% today so far, reaching 7.6536 per Euro. The currency has been rising since the crisis, which harmed Norwegian businesses as it makes them less competitive.
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Fri, 14 Jun 2013 12:32:30 GMT

U.S. Dollar low against Yen while climbing shares provide little support

The U.S. Dollar remained weak versus the Japanese Yen on Friday, however a rebound in shares pushed the Dollar up from the lowest level in two months. The greenback declined 0.4% and was at 95.00 versus the Yen. The U.S. Dollar index climbed 0.1% to 80.85, rebounding from 80.500, the weakest level in four months.

Fri, 14 Jun 2013 12:32:07 GMT

European bonds climb on speculation central banks to keep QE

European government bonds climbed, pushed by the bonds of countries with higher-yielding as Italy and Spain, on bets the Fed and other central banks will keep QE to maintain low borrowing costs. Spanish 10-year yield declined eight basis points to 4.54% and Italy's 10-year yields fell nine basis points 4.27%.

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