BNY’s Bob Savage highlights that earlier supportive flows into the Norwegian Krone from energy prices and hawkish Norges Bank policy are now fading.
BNY’s Bob Savage highlights that earlier supportive flows into the Norwegian Krone from energy prices and hawkish Norges Bank policy are now fading. Commodity FX momentum is softening, with NOK seeing outflows as hedge demand unwinds and policy expectations peak.