NOK see in the short term under downward pressure — Danske Bank

FXStreet — The Danske Bank Head of FI Research Arne Rasmussen took a look at the Norwegian Krone.

Important Quotes

«At the beginning of the week, the NOK weakness is marked, and although Oil prices stabilised and there are no important events.»

«For the Rest of the week is likely to be another strong domestic data. It starts today with the retail sales will, in our opinion, above the forecast (pay attention to the Easter effect).»

«It is important, however, that the NOK is not driven by strong domestic data, which is why we are in the short term are less optimistic for the NOK.»

«On the Basis of 6-12 months, we expect a rise in the NOK, but we do not share the post-crisis optimism of other local Economists.»

** FXStreet News Editorial, FXStreet**

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