EUR/NOK should continue to trade around the 11.50 level in the coming days – Commerzbank

Market news

19 June 2023

EUR/NOK should continue to trade around the 11.50 level in the coming days – Commerzbank

Economists at Commerzbank analyze EUR/NOK outlook ahead of the Norges Bank Interest Rate Decision on Thursday.

It may be difficult for Norges Bank not to disappoint the market

Market expectations are already quite high, and it may be difficult for Norges Bank not to disappoint the market. Given this risk, market participants may prefer to wait and see ahead of the upcoming meeting on Thursday.

As a result, the EUR/NOK pair should continue to trade around the 11.50 level in the coming days.

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