Goldman Sachs: Norway Krone to rally against the Euro in Q1

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Source: Forexfactory
Goldman Sachs reported that the Norway Krone was top-performer in G10 during several weeks and the bank expects it to continue its rally against the Euro. Goldman Sachs projects the Euro falling to NOK7.3 during Q1 of 2012 after that the Euro is likely to recover to NOK 7.2. The bank previously expected the Euro to hit NOK7.7 and NOK7.6, respectively. The economic situation in Norway resembles appreciation case in many Asian nations, added Goldman Sachs. The bank also claimed that the Euro may easily fall to NOK7.00.


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