- EUR/NOK looks overbought and ready for a correction into H2 – CIBC
Notícias do Mercado
12 junho 2023
EUR/NOK looks overbought and ready for a correction into H2 – CIBC
Economists at CIBC Capital Markets analyze EUR/NOK outlook.
A higher rate path
We expect additional 25 bps rate hikes for both June and September, taking the deposit rate to 3.75%. This is also supported by other evidence – including a robust profile for activity, with the uptick in consumer sentiment and labour market surveys which continue to point to further tightening in conditions.
A more constructive macro backdrop underlines the view of EUR/NOK looking overbought and ready for a correction into H2.
EUR/NOK – Q3 2023: 11.50 | Q4 2023: 11.35
O foco de mercado
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