Swiss Economicblogs.org
After a period of currency strength linked to the revival in oil prices last year, the Norwegian krone and Canadian dollar may find it harder to make further advances in 2017.In 2016, the sharp rebound in oil prices and the November OPEC deal to cut oil production have been supportive of oil-producer currencies like the Norwegian krone and Canadian dollar. However, we believe the oil price is likely to stabilise at around USD55 in 2017, close to where it already is. In an environment where...
Read More »Oil currencies offer limited potential
