#EURNOK @ 11.44182 : Krone under pressure near-term, better prospects in the long run – Danske Bank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at Danske Bank acknowledge that the near-term prospects for NOK look more challenging than previously penciled in and lift the short-end of their forecast profile, but keep the downward trajectory.
“We acknowledge that the near-term prospects for NOK look more challenging than previously pencilled in. In case systemic risk fears spread further NOK still looks vulnerable. However, in the situation that systemic risk fears subside the NOK rebound could also face headwinds down the road as this would opens the door for markets pricing back in central bank rate hikes. For this reason, we lift the short-end of our forecast profile.”
“We still firmly believe in a more bullish secular positive case building for the NOK years on commodities incl. energy constituting an outperforming equity sector.”
“Forecast: 11.30 (1M), 11.20 (3M), 10.80 (6M), 10.60 (12M).”
[/s2If]
Join Our Telegram Group
