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Forex pairs in this Article » EUR/NOK (Barcelona) - The NOK is prolonging its depreciation on Wednesday, following yesterday's comments by NB's Vice Governor Qvigstad, who said that the actual value of the Norwegian krone would impact in rates as long as these actual levels persist ahead of the next Norges Bank gathering.

In the opinion of A.Lohman-Rasmussen, Chief Analyst at Danske Bank, "&the comment might serve as a reminder to the market, that all options are open for Norges Bank and a further short-term move higher in EURNOK is certainly a possibility& But that said, we think the Norges Bank was yesterday primarily pointing to the rate path and not a new rate cut. Norges Bank is in our view basically saying that rates will not be hiked with the current value of the NOK".
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