Only Norwegian krone holds its own against a stronger US dollar | The National

Only Norwegian krone holds its own against a stronger US dollar | The National:



"The US dollar bounced back across the board in July after tumbling against all the major currencies in June, except the Norwegian krone.



The US dollar fought back, rising by an average of more than 1.2 per cent against these currencies. The biggest gains were against the New Zealand dollar with a gain of more than 3.1 per cent, the Swedish krona at 2.9 per cent and the Canadian dollar at 2.5 per cent. Meanwhile, the Japanese yen declined by 1.2 per cent.



The US dollar came close to posting its fourth consecutive weekly gain, which is the longest winning streak in more than 17 months. However, US dollar bulls are near a critical test level at 82.51, which should be watched carefully."



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