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Expiries for Feb21 NY cut 1000ET (Source DTCC)

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Nordea recommend a short EUR/NOK...........>

EURO-NOK
EURO-NOK: Nordea recommend a short EUR/NOK position targeting NOK9.6000. Here
Nordea focus on structural NOK bank liquidity writing that "from January until
mid-May the structural liquidity will shrink, while new record-highs in the
structural liquidity will be seen over the summer of 2019." Nordea write that
"EUR/NOK seems like a super 'sell-case' from current levels, in particular over
Q1 due to the shrinking liquidity picture."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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