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The NOK remains the best performing G10 currency in the year to date, half year to date, over the past month and over the last 5 trading sessions, though EUR/NOK remains above its spring lows. Oil and inflation have been the two main drivers of the NOK’s strong performance this year. Indeed, in May the Norges Bank became the second G10 central bank to hike interest rates this year after the RBA.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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