NOK: Slight boost from 3Q Norwegian GDP - ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING expect Norway 3Q GDP figures to show that the recovery from the oil price shock is continuing.

Key Quotes

“This should be NOK supportive, particularly in the context of NOK not benefiting from the recent spike in the oil price and EUR/NOK thus trading rather rich versus its oil price implied fair value.”

“With the EZ data calendar being fairly muted, the key driver of the cross will be the Norway GDP.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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