Tag Archives: NOK

For Norges, oil slump will continue to trump weaker NOK

The Norwegian economy and hence also the NOK is in the process of adjusting to a new normal,

Both retail sales and inflation was somewhat on the downside to consensus.

The final rate decision this year in Norway takes place on Dec 11th,

Even though oil price fall feels like 2008, it is not, thus consequences will be different.

Over the past week, the SG FX Enhanced Risk Premia strategy has increased its long CAD and

Mainland GDP was stronger than expected. Underlying growth was stronger than expected by Norges Bank.

Mainland growth will slow significantly to 0.1% q/q in Q3.

While biggest long position of the SG FX Enhanced Risk Premia remains the dollar,

The SG FX Enhanced Risk Premia system has been building a long yen position comparable in size to

Core inflation is below Norges Bank forecast. Not that important

The major changes in terms of the positioning of the SG FX Enhanced Risk Premia strategy are the increase in the aggregated long dollar position,

There have been no substantial changes in the aggregated positions since last week except for switching to small longs in Aussie and Kiwi.