Foreign investors are buying up Norwegian shares and national debt in an effort to take advantage of the Norwegian krone which is very strong at present.
Up until Tuesday the Swiss franc was preferred, but since then the Norwegian krone has become more favoured, NRK reports.
- We have hardly ever seen such interest in the Norwegian currency, says Ole Håkon EeK-Nielsen of Nordea Markets to the financial newspaper Dagens Næringsliv.
However, a strong Norwegian krone is bad news for the Norwegian export industry, since it makes Norwegian export goods more exxpensive.
(NRK)
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