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- 🎒 Gate Square “Blue & White Travel Season” Merch Challenge is here!
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O
Deutsche Bank: The US dollar is expected to gain at the end of the month, especially against the Norwegian krone.
Jin10 Data March 27 - Deutsche Bank stated that the US dollar is expected to benefit by the end of the month, especially against the Norwegian krone. Deutsche Bank believes that any weakness in the USD/NOK will fade before the end of the month's trading day, as Position flows could lead to significant Fluctuation in this currency pair. They noted that the strong performance of the Norwegian OBX index and the very strong seasonal factors of the month-end trading day are two key factors driving buying pressure for the US dollar against the Norwegian krone. In addition, Deutsche Bank also indicated that its 10-year seasonal factors suggest that demand for the US dollar against the Australian dollar and New Zealand dollar is also present on the month-end trading day.