USDNOK - still some room for shorts Short

U.S. Dollar/Norwegian KroneFXCM

Description

⋅ Apr 18, 2016 5:00 PM

Some fundamentals:

+ Norwegian inflation is at 3.3% (little or no room for monetary easing)
+Price of Brent recovering
+ Massive current account surplus

-Huge drop in GDP growth to 0,1%
- Deteriorating consumer sentiment