EUR/NOK to move back lower toward 10 by end-2023 – Nordea EURNOK Banks
Economists at Nordea expect the EUR/NOK pair to remain rabebound in the near term and start to edge lower in the second half of the year.“It is likely EUR/NOK will remain rangebound in the short term in the interval 10.50-11.00. However, we expect to see a lower EUR/NOK toward year-end.”
“Bright spots for the NOK should be higher petroleum investments , the reopening of China which means higher oil prices, and central banks pausing their rate hikes.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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