#EURNOK @ 11.34626 to quickly test 11.70 if Norges Bank fails to deliver 25 bps rate hike – Credit Suisse
…
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)]
NOK’s relentless underperformance points to tomorrow’s Norges Bank rate decision as a make-or-break moment for the currency. Economists at Credit Suisse expect the EUR/NOK pair to test 11.70 if the Norges Bank fails to deliver a 25 basis points rate hike.
“With markets primed for hawkish risks around a 25 bps hike scenario, failure to deliver can push EUR/NOK to quickly test 11.70.”
“Conversely, EUR/NOK can fall as far as ~10.81 on a 50 bps hike.”
See – Norges Bank Preview: Forecasts from five major banks, 25 bps hike, but there could be a hawkish surprise
[/s2If]
Join Our Telegram Group
