Chief Analyst at Danske Bank Jakob Christensen assesses the prospects for the Norwegian Krone in the near term horizon.
Key Quotes
“EUR/NOK will remain in the hands of external developments today, as this morning’s manufacturing production release is unlikely to stir any significant market reaction”.
“In the absence of external shocks, next week’s inflation and Regional Network Survey will be pivotal as to whether EUR/NOK will break below the 9.47-9.75 range”.
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