EUR/NOK expected to grind lower – Danske Bank

Senior Analyst at Danske Bank Morten Helt keeps the bullish view on the Norwegian Krone.

Key Quotes

“In the Scandi FX market, it will be a key week for our bullish NOK call with the Norges Bank monetary policy meeting on Thursday”.

“We expect the central bank to not only hike rates by 25bp but to also lift the rate path, underlining that current market pricing is too soft. For our full preview please see Reading the Markets Norway, 17 September. We remain short EUR/NOK spot outright”.