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NOK/SEK – Over The Barrel

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Over the course of 2015, Norges Bank reduced its key policy rate twice from 1.25% to 0.75% for a total of 50 basis points. Their neighboring central bank, Riksbank reduced thrice over 2015 from 0.00% to -0.35% for a total of 35 basis points. Yet, the Swedish Krona has strengthened disproportionately versus the neighboring Norwegian Krone. Over the past 52 weeks the Swedish Krona gained 14.8%; from the May low of 1.12036 per Krone to the December high of 0.95451 per Krone. The disproportionality

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