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4 Jun 2015
EUR/NOK points to 8.30 by end 2015 – BAML
FXStreet (Edinburgh) - Analysts at BAML believe the cross could be headed towards the 8.30 region by year-end.
Key Quotes
“We expect EUR/NOK at 8.30 by end-2015”.
“A June rate cut could see NOK initially weaken, but NOK should gradually strengthen again, vs EUR in particular”.
“A renewed sharp decline in oil prices is the obvious risk causing more aggressive action from the Norges Bank and pushing NOK to weaker levels”.
“Deterioration in global growth would also feed into a weaker NOK”.
Key Quotes
“We expect EUR/NOK at 8.30 by end-2015”.
“A June rate cut could see NOK initially weaken, but NOK should gradually strengthen again, vs EUR in particular”.
“A renewed sharp decline in oil prices is the obvious risk causing more aggressive action from the Norges Bank and pushing NOK to weaker levels”.
“Deterioration in global growth would also feed into a weaker NOK”.