Economists at Danske Bank are still positive on NOK due to Norges Bank’s krone buying, a slightly better domestic economic outlook and promising virus numbers. Therefore, they forecast EUR/NOK at 10.20 in 12 months. Read: EUR/NOK pushes lower as Norges Bank stands alone in the hawkish camp – TDS Key quotes “We have moved closer to our positive risk scenario – even if the Fed’s June meeting alongside souring COVID-19 news stirred a temporary setback. We still believe in more EUR/NOK downside due to Norges Bank’s large scale NOK buying to fund the fiscal support of the economy, as we see downside risks to mainland growth have diminished and Norwegian COVID-19 numbers look to be under control.” “We forecast EUR/NOK at 10.70 in 1M, 10.50 in three months, 10.30 in six months, and 10.20 in 12 months.” 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 Gold: Falling US Real Yields fuels bull trend towards new highs at $1921 – Credit Suisse FX Street 2 years Economists at Danske Bank are still positive on NOK due to Norges Bank’s krone buying, a slightly better domestic economic outlook and promising virus numbers. Therefore, they forecast EUR/NOK at 10.20 in 12 months. Read: EUR/NOK pushes lower as Norges Bank stands alone in the hawkish camp – TDS Key quotes “We have moved closer to our positive risk scenario - even if the Fed’s June meeting alongside souring COVID-19 news stirred a temporary setback. We still believe in more EUR/NOK downside due to Norges Bank’s large scale NOK buying to fund the fiscal support of the economy, as we… Regulated 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.
