EUR/NOK: There is a higher potential for surprises at the lower end – Commerzbank

Norges Bank could be near to end of the rate cycle. But in the view of economists at Commerzbank, there is a high potential for surprises in EUR/NOK at the lower end.“It seems as if the end of the rate cycle in Norway is slowly approaching, as long as there are no surprises on the inflation and economic front. However, as the market is already expecting that and is pricing in rate cuts for the end of the year, this prospect is not putting pressure on NOK.

“If the economic data was to improve with price data coming in above expectations the market is likely to reduce its rate cut expectations again, which is likely to support NOK.”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.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Hot news

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The path seems paved for a move lower in EUR/NOK – Danske BankEconomists at Danske Bank pencil in 2023 to be a good year for the Norwegian Krone. They forecast EUR/NOK at 10.40 and 10.10 in three and twelve month
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/NOK could trade close to 10.60-10.65 again, NB set to deliver last hike – INGNorges Bank announces monetary policy this morning. Economists at ING expect a 25 bps hike by NB and see upside risks for NOK. Norges Bank may deliver
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD to extend its correction amid divergence between Fed and market expectations – CommerzbankUS Dollar struggles. In the view of economists at Commerzbank, USD weakness might not have run its course yet. USD correction set to continue “The mor
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stronger Yen justified if new BoJ Governor tenders monetary policy reversal – CommerzbankThe Yen’s losses following yesterday’s Bank of Japan meeting did not last long. Yen investors are likely to focus on the successor of the current BoJ
Source: FXStreetNews - 🏆 14. / 72 Read more »

NOK recovery should be slow and characterized by setbacks time and again – CommerzbankNorges Bank stands pat. Economists at Commerzbank expect only a moderate appreciation of the NOK. End of the hiking cycle in sight? “Norges Bank left
Source: FXStreetNews - 🏆 14. / 72 Read more »

Germany's Commerzbank sues EY for Wirecard lossesThe German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Excellent wander the outcome the big 4 is scam
Source: Reuters - 🏆 2. / 97 Read more »