View full page at energyexch.com

 

Norway’s Gas Riches Spur a Wave of Bullish Currency Calls

From bnnbloomberg.ca

The immense wealth coming from Norway’s gas and oil fields is underpinning a new refrain among market experts: it’s time for a big rebound in the krone. Danske Bank A/S and Bank of America Corp. say the currency is a bargain given its decade of losses and the fact that Norway is now reaping trillions of kroner from energy exports. In the past decade, the krone lost about a third of its value against the euro, the biggest decline in the Group-of-10. According to Morgan Stanley, the Norwegian currency is likely to surge 15% against the dollar this year, delivering the best return among the G-10 peers. Deutsche Bank AG ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis