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NOK appears vulnerable ahead of Norges Bank report – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Norwegian krone will be closely watching the release of the Norges Bank’s regional network survey, suggested Chief Analyst at Danske Bank Arne Rasmussen.

    Key Quotes

    Norges Bank's regional network survey is due at 10:00 CET. Last time around, the aggregated output index pointed to more or less zero growth over the coming six
    months, i.e. November to April”.

    “The oil price has since fallen further from around USD45/bl to USD36/bl, which would suggest that the growth outlook for oil-related industries has deteriorated further”.
    For more information, read our latest forex news.

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