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Volatility is expected to return around NOK – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Jens Pedersen sees the NOK trading on an unusual volatile fashion, mainly driven by crude oil prices.

Key Quotes

“The NOK benefitted from yesterday’s strong move higher in the oil price with EUR/NOK temporarily falling to 9.38”.

“In the short term we expect the NOK to track risk sentiment and the oil price closely, which in the current environment still allows for significant intra-day movements, i.e. we expect the NOK to trade volatile and trendless in the coming months around current levels”.

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