Norway's currency lost ground against its US counterpart in early trading on Monday. The Norwegian krone reached a 5-day low of 5.7976 against the greenback around 6:40 am ET and thus testing last week's fresh 5-week low of 5.8052. The dollar-krone pair that ended Friday's trading higher at 5.7737 is presently quoted at 5.7894.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.