External broker reports, Nordea

Nordea

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports

External broker reports(aggregated public sources)

FX & Rates

<ul><li>EURNOK is currently trading around 11.94 after ranging between 11.75 and 12 throughout the summer.</li><li>Our base case points to a decline towards 11.75, but we see a risk that the cross could break above 12.A September rate cut is fully priced in and should not surprise the market.</li><li>The bigger risk lies further ahead.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

EURNOK is currently trading around 11.94 after ranging between 11.75 and 12 throughout the summer.Our base case points to a decline towards 11.75, but we see a risk that the cross could break above 12.A September rate cut is fully priced in and should not surprise the market.The bigger risk lies further ahead.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Downside Risk to USDNOK, Upside Risk to EURNOK