EUR/NOK faces upside risks near term – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Allan von Mehren, Chief Analyst at Danske Bank, sees the NOK depreciating further in the short-term horizon.

    Key Quotes

    “In terms of the NOK, Norges Bank's governor Olsen’s annual address yesterday evening included few hints as to the future of short-term monetary policy”.

    “We still expect a 25bp cut in March which is not fully priced in and with the likelihood of a correction in risk appetite post the latest relief rally, we see risks for EUR/NOK skewed to the upside in the near term”.
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