EUR/NOK: Krone under pressure near-term, better prospects in the long run – Danske Bank EURNOK Norway Banks
Lifting profile but maintaining a downward trajectory
“We acknowledge that the near-term prospects for NOK look more challenging than previously pencilled in. In case systemic risk fears spread further NOK still looks vulnerable. However, in the situation that systemic risk fears subside the NOK rebound could also face headwinds down the road as this would opens the door for markets pricing back in central bank rate hikes.
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