Krone comeback in cards as Norges Bank seen defying global gloom
Nordkinn Asset Management and Storebrand Asset Management expect that things may be about to look up for the Norwegian krone, after its plunge last week to levels unseen since the global financial crisis.
BY BLOOMBERG / CHARLOTTE RYAN & GREG RITCHIE
Nordkinn Asset Management and Storebrand Asset Management see the currency clawing back some of its recent losses, drawing strength from the prospect that Norges Bank will defy the dovish bias of global central banks to signal higher interest rates. Nordkinn started buying the krone earlier this month, according to founding partner Bjorn Roger Wilhelmsen.
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