EUR/NOK points upwards – Danske Bank

Arne Rasmussen, Chief Analyst at Danske Bank, expects the cross to edge higher in the next periods.

Key Quotes

“In the Scandis, EUR/NOK remains heavily tied to general risk sentiment not only via the EUR leg but also via the NOK leg, as oil prices are tied to global growth concerns”.

“Going forward, we still think EUR/NOK risks remain skewed to the upside as a Norges Bank March cut is not fully priced in and as we think risky assets remain vulnerable near term”.