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NOK: Give attention to Norges Financial institution at the moment – Danske Financial institution

Piet P. H. Christiansen, senior analyst at Danske Financial institution, means that the main focus in FX markets turns to Norges Financial institution and the ECB at the moment and on the previous, if they’re proper of their name, this could not result in a big rapid repricing of a March hike (at present priced at solely c.14-15bp).

Key Quotes

“It ought to affirm that relative charges will more and more grow to be a NOK-supportive issue as we strategy the assembly so long as the worldwide threat surroundings holds up. For at the moment’s session, we should always count on NOK appreciation to be extra restricted.”

“On the ECB entrance, we don’t count on Draghi to maneuver EUR a lot, however, if something, we imagine dangers are tilted to the draw back given our expectations of downward dangers to the expansion evaluation.”

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