28. November 2018 - Economic Forecast
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 2018
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