Norwegian krone hits 4-year high vs euro, dollar slides

The Norwegian krone has strengthened sharply, with EUR/NOK falling to 10.57, the lowest since December 2022, and USD/NOK dropping from 10.05 to 9.39 since the start of the year. High energy prices are cited as a key driver, boosting Norway's terms of trade. The move marks a significant reversal from the krone's prolonged weakness and has implications for Norwegian inflation and export competitiveness.