Tag Archives: Norway

Greenback bounces after end-2019 selloff, yuan shrugs off coverage easing

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(Reuters) – The greenback snapped a six-day dropping streak so as to add 0.25% on Thursday, the primary buying and selling day of 2020, pushing the euro off five-month highs whereas the offshore yuan shrugged off reserve ratio cuts that might add $115 billion value of liquidity.

FILE PHOTO: U.S. 100 greenback notes are seen on this image illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Gained/

Buying and selling might stay skinny till Tuesday, when most European international locations open after Monday’s Epiphany vacation however market gamers will likely be relieved the greenback navigated the vacation interval with out experiencing the cash market squeezes many had feared.

The greenback index slumped 0.4% on New Yr Eve as massive banks took solely a small portion of the $150 billion supplied by the U.S. Federal Reserve’s in a single day repo operation and borrowing prices fell to the bottom stage since March 2018.

(Graphic: The Fed dives into the repo market png click on, right here)

Whereas wariness stays that there might be a repeat of final January’s “flash crash”, when large stop-loss promoting swept via holiday-thinned markets, analysts mentioned the Fed’s liquidity injections had lowered the danger.

“There’s nothing basic…on the finish of final 12 months the greenback offered off fairly sharply so we’re seeing an easing in among the greenback promoting stress,” mentioned Lee Hardman, senior FX strategist at MUFG.

“The liquidity squeeze didn’t materialise in order that’s contributing to stability in broader monetary markets…However the greenback story has been turning detrimental in current months, partly due to motion taken by the Fed to ease greenback liquidity,” Hardman mentioned, referring to the U.S. central financial institution’s steadiness sheet growth re-launched in October.

Having ended December nearly 2% decrease in opposition to a basket of currencies, the greenback inched as much as 96.65 whereas in opposition to the euro it was at $1.119, knocking the only forex from its highest stage since early August of $1.1249.

The dollar index ended 2019 nearly flat.

The Chinese language yuan closed at 6.9631 to the greenback, its strongest shut since Aug. 2, and in addition firmed offshore after small downward strikes triggered by Wednesday’s transfer to chop the amount of money that banks should maintain, releasing $115 billion value of funds to assist the economic system.

The transfer had been broadly anticipated following Premier Li Keqiang’s pledge final month to unleash extra stimulus.

(Graphic: China lending fee and RRR click on, right here)

Traders at the moment are ready for the U.S. ISM manufacturing survey due on Friday. Throughout a lot of Asia and Europe, closing buying managers indexes painted a barely brighter image, with French, German and euro zone readings a contact higher than advance PMIs.

However additionally they confirmed an 11th straight month of contracting euro zone exercise.

The euro slipped 0.2%, having strengthened 1.8% in opposition to the greenback final month. Nevertheless, euro zone bond yields prolonged their rise and inflation expectations rose to the very best since July.

“Increased bond yields are more likely to hold the euro’s micro-rally going, wildfires will hold a lid on Aussie greenback, and PMIs and oil are supporting Norwegian, Swedish and Canadian currencies,” Societe Generale informed purchasers.

The Swedish crown briefly firmed 0.3% in opposition to the euro after PMIs rose in December following three months of declines, though they nonetheless languished in contraction territory.

The Norwegian crown inched to 3-1/2 month highs after firmer PMIs, additionally benefiting from firmer crude costs.

The Australian greenback slipped 0.3%.

U.S. President Donald Trump mentioned on Tuesday that Section 1 of a commerce take care of China could be signed on Jan. 15 on the White Home. Markets are ready for additional particulars

Reporting by Sujata Rao; Modifying by Frances Kerry, Kirsten Donovan

Our Requirements:The Thomson Reuters Belief Rules.

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Cannot recover from these stunning gelato’s again in Ulvik, Norway. This Darkish chcolo…

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Cannot recover from these stunning gelato’s again in Ulvik, Norway. This Darkish chcoloate and strawberry sorbet was so good tbh. Somebody take me again.😩
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Cruise gives shut and lengthy seems at Norway’s fjords

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In a journey stuffed with waterfalls, a formidable cascade is simply across the bend in Norway’s well-known fjords.

Whether or not it is the favored Seven Sisters, toppling 820 toes (250 meters) down the stone partitions of famend Geirangerfjord, or the large circulation speeding alongside the close by village of Hellesylt, melting snow brings a significant show of falling water.

A visit on a cruise ship in spring and summer season offers an in depth view of the excessive cliffs that tower over the slender inlets. In contrast to cruises that spend lengthy intervals at sea between ports, a visit via Norway’s fjords offers ever-changing surroundings, without having for a strenuous hike.

These are there in abundance, although, at stops alongside the way in which.

Ports additional north embody pleasantly walkable cities like Alesund, rebuilt after a devastating hearth in 1904 within the Artwork Nouveau model of structure. And there is Trondheim, dwelling to the northernmost gothic cathedral and the coronation church of kings.

A two-week cruise may even get you up into the Arctic Circle, dubbed the Land of the Midnight Solar this time of 12 months, with 24-hour daylight, and on to Europe’s northern-most level and extra scenic cruising by the rocky cliffs of North Cape.

For extra about cruising alongside Norway’s coast, try the most recent episode of the ” Get Outta Right here” podcast .

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Whale found off Norway’s coast believed to be spying for Russia

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It’s a whale of a spy tale.

Fishermen in Norway spotted a white beluga whale wearing a harness lurking near their boats, and marine experts believe the Russian navy could be training them as a mammalian underwater surveillance team, according to a report Monday.

​”​We were going to put out nets when we saw a whale swimming between the boats,​”​ fisherman Joar Hesten told Norwegian broadcaster NRK​, according to the Guardian​. ​”​It came over to us, and as it approached, we saw that it had some sort of harness on it.​”​

The fisherman said the whale seemed tame and actively sought out their boats and tugged at straps and ropes on the vessels.

The harness, ​which appeared to be able to secure a camera or a weapon, had “Equipment of St. Petersburg” written inside it.

“If this whale comes from Russia — and there is great reason to believe it — then it is not Russian scientists, but rather the navy that has done this,” ​said ​Martin Biuw of the Institute of Marine Research in Norway.

Audun Rikardsen, a professor at the Department of Arctic and Marine Biology at the Arctic University of Norway, said he thinks “it is most likely that ​the ​Russian navy in Murmansk” is involved.

Russia’s Northern Fleet is stationed in Murmansk on the Kola Peninsula on the coast of the Barents Sea in the far northwest of Russia.

“We know that in Russia they have had domestic whales in captivity and also that some of these have apparently been released​,” he said. “Then they often seek out boats.​”​

​He said there have been no reports of programs or experiments involving beluga whales.​

​During the Cold War, the Soviet Union’s military trained dolphins at a base on the Crimean peninsula to search for mines and to plant explosives.

But the base closed after the collapse of the USSR.

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Beach House – Space Song



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