fxstreet.com 09 Feb, 2021 12:00 am

EUR/NOK to break below 10.00 as oil prices will continue to rise – Nordea

EUR/NOK to break below 10.00 as oil prices will continue to rise – Nordea
With oil prices currently at $60/barrel, EUR/NOK should trade around 10.10. Economists at Nordea see some downside in the pair from the current 10.25

With oil prices currently at $60/barrel, EUR/NOK should trade around 10.If oil prices hold their ground, as we expect, we will get there in the near-term.In tandem with the normalisation of societies, oil demand will increase and so will oil prices.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.This will support NOK.

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