Free Trial

Citi TOTW - Trade Idea: Buy NOKSEK 1.0947,....>

FOREX
FOREX: Citi TOTW - Trade Idea: Buy NOKSEK 1.0947, target 1.12, stop loss 1.0820
Citi add, in sticking to an upbeat tone at the recent policy setting meeting and
suggesting that a rate rise is on tap in September, the Norges Bank stands out
among global central banks. Indeed, alongside the Fed, the Norges Bank is among
the small number of major central banks that look likely to tighten this year.
By comparison, the Riksbank has signalled reluctance to move too far ahead of
the ECB. We believe this is likely to translate to NOK outperformance.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.