The document discusses reasons to short CHF/NOK, focusing on rate differentials, safe-haven inflows, and domestic outflows. It highlights the relative economic cycles of Norway and Switzerland, the impact of safe-haven inflows and outflows, and the misalignment of CHF/NOK with traditional drivers like oil/gold. The document includes a table showing FX correlation to US GDP for various currencies and discusses net portfolio flows in Norway and Switzerland.
doj/DataSet10/EFTA01451210.pdf
{"title":"FX Blueprint: Thin end of the wedge","key_people":["Oliver Harvey"],"document_date":"2014-01-09","document_type":"tabular","key_locations":["Norway","Switzerland"],"key_organizations":["Deutsche Bank AG"]}