Head of FI Research at Danske Bank Arne Rasmussen believes the case for a stronger NOK remains well and sound. Key Quotes “NOK found some support yesterday from Norges Bank (NB) pencilling in a September rate hike. EUR/NOK briefly tested our 3M forecast of 9.40 after the meeting”. “Today, focus turns to the OPEC meeting and whether the cartel can agree to the production hikes proposed by Saudi Arabia”. “Scandies compared, it is interesting to note the strong confidence of NB that inflation will pick up as wage growth is picking up, compared with the Riksbank being increasingly nervous that inflation will drop”. “This dispersion supports our macro cases for higher NOK/SEK and a lower EUR/NOK“. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD sits at session tops, inching closer to mid-0.7400s FX Street 3 years Head of FI Research at Danske Bank Arne Rasmussen believes the case for a stronger NOK remains well and sound. Key Quotes "NOK found some support yesterday from Norges Bank (NB) pencilling in a September rate hike. EUR/NOK briefly tested our 3M forecast of 9.40 after the meeting". "Today, focus turns to the OPEC meeting and whether the cartel can agree to the production hikes proposed by Saudi Arabia". "Scandies compared, it is interesting to note the strong confidence of NB that inflation will pick up as wage growth is picking up, compared with the Riksbank being increasingly nervous that… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
