Norway Lures Carry Trade as Krone Rallies, Rates Rise
Norway's krone may become the next favorite for investors seeking the highest-yielding currencies as the central bank increases interest rates to quash inflation. "I like the Norwegian krone," said Paul Barrett, chief foreign-exchange trader in New York at J.P. Morgan Private Bank, which has $390 billion under management. "People are hunting for yields, and the rising interest rates make it attractive." Norges Bank said March 15 that it may raise…

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Jarle Petterson <jp