Deutsche Bank and JPMorgan optimistic about energy-linked currencies amid the Iran war backdrop

JPMorgan and Deutsche Bank strategists recommend the Norwegian krone and the Australian dollar. After peace talks efforts stalled, Brent crude oil futures surpassed $108 per barrel on Monday, which boosted both currencies. As energy export revenues bolster their economies and permit tighter monetary policies, these currencies are becoming more attractive—markets expect both countries to raise interest rates this year.