BBVA: Nokkie and Aussie to pounce this year

With oil prices north of $60 per barrel, Norway’s currency will remain well bid, says Spanish bank

Huskies pulling a sled
Top dog: buoyed by a well-tuned economy and rising oil, Norway's krone has room to run higher
Karen Friar

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The Norwegian krone and Australian dollar are likely to make significant moves this year, in contrast to the range-bound trading weighing on most other G10 currencies, says Roberto Cobo Garcia, head of G10 FX strategy at BBVA.

While the lacklustre global economic and political environment is depressing currencies such as the euro, dollar and sterling, the krone is being buoyed by a well-tuned Norwegian economy and

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