In spite of rise in oil prices in October - December 2017, we saw the depreciation of NOK against USD. The key reason of negative dynamic of the NOK's value was slowdown in house prices in Norway, which reflects the investors' anxiety about economic diversification. However I have a bullish expectations for NOK against a backdrop of housing market risks weakening and probability of rate hike during the year.
In spite of rise in oil prices in October - December 2017, we saw the depreciation of NOK against USD. The key reason of negative dynamic of the NOK's value was slowdown in house prices in Norway, which reflects the investors' anxiety about economic diversification. However I have a bullish expectations for NOK against a backdrop of housing market risks weakening and probability of rate hike during the year.