What are we trading here?
Norway is outperforming in the G10, unemployment falling while inflation exceeding expectations. As a result, interest rates are moving in favour of NOK. The hawkish surprise earlier in the week from Norges Bank suggested that more hikes are necessary has been supportive of the currency.
A key risk is Oil prices holding firm around current levels (starting to look less likely) and Norwegian data softening (not expected)
Best of luck all and thanks for the support with likes, comments and etc.
Norway is outperforming in the G10, unemployment falling while inflation exceeding expectations. As a result, interest rates are moving in favour of NOK. The hawkish surprise earlier in the week from Norges Bank suggested that more hikes are necessary has been supportive of the currency.
A key risk is Oil prices holding firm around current levels (starting to look less likely) and Norwegian data softening (not expected)
Best of luck all and thanks for the support with likes, comments and etc.
