Rather improbably, global risk aversion has hurt the NOK due to its new found ‘status’ as a high yielder. A binary focus on yield ignores the currency’s obvious safe haven characteristics and won’t last.
Trading the NOK/oil correlation has also been popular. Again, the market’s view has been one dimensional as even a $30pb oil price [...]
Entries Tagged as 'NOK'
Despite a poor start to 2008, the outlook for the NOK is positive
April 6th, 2008 · No Comments
Tags: NOK
Short CAD/NOK
March 28th, 2008 · No Comments
The factors that have kept CAD/NOK range-bound are breaking down and bearish risks are increasing. As a result, CAD/NOK will continue to decline in the near term.
Short CAD/NOK is an oil neutral way to capture CAD-bearish economic stresses from the US slowdown that are weighing on the Canadian economy while the European economy, including Norway, [...]
Tags: NOK