EUR/NOK: Krone is not out of the woods yet, 2023 will be better – Nordea EURNOK Norway Banks
an Krone. More important are developments in global financial markets, according to economists at Nordea.“Norges Bank winds down their NOK selling to 1.9bn NOK per day until 16. December from 3.7bn NOK/day in November. This change should be good news for the NOK in the short-term but global financial market developments will be decisive for NOK’s path.”
“Next year, we expect the development for the NOK to be better. We see EUR/NOK at 10.20 by mid-2023 and as low as 9.75 before end-2023.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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