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NOK will stay weak into year-end

Posted by Aase Herkules on November 12, 2014 at 11:30 AM

If you are thinking about entering the Norwegian market, this might be the right moment

According to FXStreet (Barcelona) - Senior Analyst, Pernille Bomholdt Nielsen at Danske Bank sees NOK staying weak into year-end due to the downside risks of oil prices and the Norwegian growth.


“We still believe that the market is too bearish on Norwegian growth and too dovish on Norges Bank. Hence, we continue to expect that the NOK will strengthen in 2015 against trading-partner currencies. Meanwhile, EUR/SEK trades close to our 1M forecasts at 9.20 and we expect it to consolidate here.”


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