NOK/SEK: Deutsche Bank says shorting the pair is trade of the week

Forex investors should consider selling the NOK/SEK pair this week, advises the Deutsche Bank.

"Selling NOK/SEK from current levels seems to offer a good risk/return ratio. Swedish inflation seems to have finally rebounded, and strong growth momentum should limit new surprises by the Riksbank."

"Monetary policy is much more restrictive in Norway, where the dynamics of the CPI and income are slowing, while the Norges Bank has not yet fully responded to the decline in oil prices."