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Daily outlook for NOK: Nordea

Quotes from Nordea Markets: -NOK: The currency weakened a tad yesterday as oil prices came under pressure once again. If the market tries to push the NOK stronger from these levels, it risks running afoul of Norges Bank,…

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Quotes from Nordea Markets:

-NOK: The currency weakened a tad yesterday as oil prices came under pressure once again. If the market tries to push the NOK stronger from these levels, it risks running afoul of Norges Bank, which isn't very much interested in a "stronger-than-expected" currency. Previous 2015 EUR/NOK lows (8.53-8.55) may provide some resistance.

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