NOK-Longs will Have to Wait – Danske Bank
Mikael Milhoj, Senior Analyst at Danske Bank, believes NOK could barely
react to another ‘on-hold’ stance by the Norges Bank at its meeting
later in the week.
Key Quotes
“We expect EUR/NOK to remain little changed on the announcement with risks skewed towards a modest rise”.
“We do not yet think the fundamental outlook for a significant NOK appreciation is present”.
“In the short term we recommend utilising spikes higher in EUR/NOK by increasing medium- to long-term NOK-exposure”.
