[ad_1]
EUR/NOK has total traded fairly risky the previous month and is presently buying and selling beneath the ten.10 stage. Analysts at Danske Financial institution proceed to anticipate the pair to maneuver larger going into 2022 on the again of a shift within the world funding setting, tighter world liquidity situations, much less fiscal NOK shopping for and shakier risk appetite leaving NOK susceptible to detrimental news.
Topside favoured given the exterior setting
“We nonetheless assume the steadiness of danger favours the topside in EUR/NOK. We face a file tightening of world liquidity and financial situations with a purpose to combat inflation at a time the place the worldwide economic system was already slowing. In such an setting, NOK not often does nicely and short-term that is solely worsened by geopolitical dangers. Additionally, NB is prone to flip a substantial web krone vendor of NOK500-800M later within the 12 months.”
“We forecast EUR/NOK at 10.20 in 1M (from 9.90), 10.30 in 3M (from 10.20), 10.40 in 6M (unchanged) and 10.40 in 12M (unchanged).”
[ad_2]
Source link