UBS Analysts Predict Norwegian Krone May Recover from Decline

According to Jin10 data, the Norwegian central bank unexpectedly cut interest rates last month. UBS Global Wealth Management analysts stated that the depreciation of the Norwegian krone is unlikely to persist, as the market may reduce bets on further rate cuts. Norway is less susceptible to the threat of U.S. tariffs compared to other countries.

If the EUR/NOK breaks above 12.1200 next month, UBS is inclined to sell euros.