EUR/NOK poised for further downside – Danske Bank

FXStreet (Edinburgh) - Analyst Pernille Nielsen at Danske Bank sees further downside in the EUR/NOK in the next periods.

Key Quotes

“We have seen a stabilisation in both EUR/NOK and EUR/SEK after the moves last week in the aftermath of the Norges Bank meeting”.

“Given the higher oil price and a very soft pricing in the Norwegian rates market, we see should expect EUR/NOK to edge lower from here, especially as we do not expect Norges Bank to cut rates”.

“We are still negative on the SEK ahead of the Riksbank meeting next week”.