How are you reading the Scandinavian story right now?
Sweden and Norway released inflation together last week (report), and Norges Bank and the Riksbank decide on 24 September (preview).
Share:
- which bank's path you find more interesting
- how oil fits the Norwegian side
- the pairs you use for these views
Background: commodity currencies.
Background: Commodity currencies explained: the Australian, New Zealand and Canadian dollars and the Norwegian krone
Why the currencies of big commodity exporters move with iron ore, dairy and oil prices, what each country actually exports, and when the link weakens.
What are commodity currencies?
Currencies of countries where commodity exports are a large share of trade, such as the Australian dollar (iron ore), the New Zealand dollar (dairy), the Canadian dollar (oil) and the Norwegian krone (oil and gas).
Why does the Australian dollar follow China?
Iron ore is Australia's largest export and much of it is sold to China, so Chinese demand and data affect Australia's export income and its currency.
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