Norway is completely disconnected from the current weak economic cycle. Let's assume an increase in interest rates at the next meeting in September.
Our intention is to buy Norwegian krona against US dollar, the two economies are living different monetary policy moments. The Fed will cut rates during the July meeting, while the Norwegian central bank will raise interest rates after the summer to cope with rising inflation.
Entry: area 8.50-8.55
Stop: area 9.75
Target: area 8.00
Swap: Negative
Our intention is to buy Norwegian krona against US dollar, the two economies are living different monetary policy moments. The Fed will cut rates during the July meeting, while the Norwegian central bank will raise interest rates after the summer to cope with rising inflation.
Entry: area 8.50-8.55
Stop: area 9.75
Target: area 8.00
Swap: Negative