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19 Feb 2016
EUR/NOK faces upside risks near term – Danske Bank
Allan von Mehren, Chief Analyst at Danske Bank, sees the NOK depreciating further in the short-term horizon.
Key Quotes
“In terms of the NOK, Norges Bank's governor Olsen’s annual address yesterday evening included few hints as to the future of short-term monetary policy”.
“We still expect a 25bp cut in March which is not fully priced in and with the likelihood of a correction in risk appetite post the latest relief rally, we see risks for EUR/NOK skewed to the upside in the near term”.
Key Quotes
“In terms of the NOK, Norges Bank's governor Olsen’s annual address yesterday evening included few hints as to the future of short-term monetary policy”.
“We still expect a 25bp cut in March which is not fully priced in and with the likelihood of a correction in risk appetite post the latest relief rally, we see risks for EUR/NOK skewed to the upside in the near term”.