EUR/NOK to challenge the October low of 9.65 – ING

EUR/NOK is trading around 9.75. Economists at ING expect the pair to test the October low of 9.65.

Krone buoyed by the re-pricing of European natural gas

“Until Europe builds more LNG infrastructure or the Netherlands chooses to pump more gas, it seems that Norway will offer the only alternative to Russian gas.”

“The October low of 9.65 beckons for EUR/NOK.”