
NOK rockets up more than 2% today on Norges Bank's unexpectedly hawkish statement and improved economic optimism. They seem to think the Norwegian economy is doing just fine especially compared to the Eurozone.
I have made some decent money in NOK during the past couple months.
I bet the market turns the other way tomorrow and give back at least half today's return.
In the FX space, today was another typical day of S&P500 up - DXY down. I am long the high beta currencies against the low beta ones while maintaining low risk level.
No comments:
Post a Comment