FXStreet – The Norwegian Krone is likely to the OPEC Meeting this Thursday to closely monitor, said Jakob Christensen, chief analyst at Danske Bank.
The currency pair EUR/NOK has survived yesterday’s rally of the Euro, well, because Oil prices will Meet shortly before the OPEC on Friday, supported.
According to representatives of the oil cartel, a nine-month extension of the reduction in Production is regarded as a foregone conclusion, which means that a greater risk is the fact that OPEC is falling short of expectations.
Therefore, there is little support for the Norwegian Krone in terms of the market side Pricing of an extension of the OPEC production cut is currently.
** FXStreet News Editorial, FXStreet**