Hi Tor, interesting note - I dip in and out of following the NOK and was trying to get my head around the weakness in Q4 despite the favourable IR moves (on the euro cross), rally for oil, and stable to upward spx
The conclusion i reached is that the weakness may have been on rising US yields impacting risk flows - unsure what the direct transmission would be (maybe higher hedging costs?) - was wondering if you have a better explanation for this? I wrote off the Q3 gdp print surprise being the driver given it didnt make sense on the timing of the nok q4 sell off
Hi Tor, interesting note - I dip in and out of following the NOK and was trying to get my head around the weakness in Q4 despite the favourable IR moves (on the euro cross), rally for oil, and stable to upward spx
The conclusion i reached is that the weakness may have been on rising US yields impacting risk flows - unsure what the direct transmission would be (maybe higher hedging costs?) - was wondering if you have a better explanation for this? I wrote off the Q3 gdp print surprise being the driver given it didnt make sense on the timing of the nok q4 sell off
Do we have CBDC in Norway?