EUR/NOK: Little upside for the Krone in the short turn – Nordea EURNOK Banks Norway
“We expect the NOK to remain weak until the summer – with our view for EUR/NOK around 11.10 in 3M and 10.00 by mid-2023.”
“Norges Bank reducing their NOK sales after the summer should help the NOK. Other bright spots for the NOK should be higher petroleum investments, the reopening of China which means higher oil prices, and central banks pausing their rate hikes.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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