Most expensive dollar since last year – news Norway – Overview of news from different parts of the country

On Tuesday morning, it is time for a Trump victory in the United States. It can affect the economy here in Norway in several ways. Oslo Børs opens slightly down. During the night, among other things, the dollar has become far more expensive: On Monday evening, one dollar cost just under NOK 11. At 08:00 on Tuesday morning, one dollar cost NOK 11.16. A dollar hasn’t cost this much since last November. More people will buy dollars Senior economist Knut Magnussen at DNB follows the American economy closely. He believes the strengthening of the dollar is due to the financial markets expecting Trump to win the election. Trump has won several crucial swing states. – The markets are now taking into account the fact that Trump will be elected president, and that he will implement his economic policy, which will probably mean both higher interest rates in the US and thus a strengthening of the dollar exchange rate, he says. Higher interest rates mean that the possibilities for returns are also higher. This increases the demand for dollars, and it becomes more expensive to buy dollars. – It could also be that the markets take it into account that there could be better economic development in the US as a result of Trump’s economic policy, and that could also strengthen the dollar, says the senior economist. Published 06.11.2024, at 08.59 Updated 06.11.2024, at 09.11



ttn-69