EUR/NOK appears settled below 9.50 – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen assessed the performance of the Krone following the CPI releases on Wednesday.

Key Quotes

“EUR/NOK fell on the upside surprise inflation surprise in Norway yesterday but we would not overdo the importance of yesterday’s release, which in isolation should not be enough to trigger e.g. a December hike”.

“Indeed, the bar for that should be high at this stage and we have another two prints before the next Monetary Policy Report. EUR/NOK has – in view rightly – settled just below 9.50”.