Rabobank Forecast: EUR/NOK to Ease to 11.50 in Three months as Krone Stabilises

  • Rabobank has revised its three-month EUR/NOK exchange rate forecast to 11.50 from 11.30, reflecting April's sharp rise in the currency pair and persistent market uncertainty. However, with the krone now regaining lost ground and the euro vulnerable to profit-taking, Rabobank sees scope for EUR/NOK to drift lower in the coming.