Overview of the Icelandic FX market
The króna has continued to weaken throughout November. At the end of day 27 November the euro stood at 141.5 and had risen by 2.8% MtD. The US dollar stood at 125.3, and had risen by 3.0 MtD. The Central Bank of Iceland has once intervened in the currency market in November, selling 6 million euro on the 14th. This is the third intervention by the CBI since the ISK began to weaken at the beginning of September.
Icelandic FX market - November 2018Back
The contents published here were produced by employees of Landsbankinn Economic Research and are based on information available to the public when the analysis was compiled. Assessment of this information reflects the views of Economic Research’s employees on the analysis date, which may change without notice. | Full disclaimer