#EURNOK @ 10.23379 set to fall back below 10 – Commerzbank
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EUR/NOK is trading above the 10.20 mark. Economists at Commerzbank expect the pair to move back lower and dip under 10.
“I continue to assume that NOK will principally appreciate with EUR/NOK easing back below 10.”
“The negative market sentiment due to concerns about a gas crisis is putting pressure on NOK though. These concerns are likely to persist until it becomes clearer how Europe is going to get through the winter. As a result, NOK might only appreciate more notably during the later course of the year.”
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