Scandinavian currencies are bearing the brunt of the recent US dollar strength. The Swedish krona and Norwegian krone are the worst performing G10 currencies since the DXY’s mid-July bottom, losing 8.6% and 7.6% of their…
According to BCA Research’s European Investment Strategy service, valuations, interest rate differentials, and higher oil prices favor the NOK over the EUR. Higher oil prices, especially when they reflect tightening…
The Norwegian krone’s fortunes have recently reversed. It has been the best performing G10 currency since the end of May. This comes after a period of pronounced weakness during which it was the only G10 currency to…
The DXY will continue to have near-term upside, as economic growth holds up in the US, while it deteriorates in other parts of the world. Remain constructive on the DXY at current levels, but pivot to a short position on evidence US…
In our FX strategists’ models, the Norwegian krone is one of the cheapest currencies. On its own, valuation is usually not a sufficient catalyst to unlock value in any currency. That said, there are a few signs that the…
In this Month-In-Review report, we go over the latest G10 data releases and rank currencies’ fundamental standing based on our updated macroeconomic model.
Our Central Bank Monitors support the recent shift in tone from central bankers in Europe. Find out what it means for European fixed-income portfolio allocation.