Norwegian Krone Could Suffer Retracement After Strong Performance -- Market Talk

Dow Jones03-24 23:35

1535 GMT - The Norwegian krone faces a retracement after solid gains at the start of the year, Barclays analysts say in a note. The currency is lifted by higher energy prices stemming from the Iran war due to Norway's position as a major oil exporter. It's also supported by expectations that the Norges Bank could pivot towards raising interest rates. However, gains from energy supply shocks tend to be limited and short-lived, the analysts say. Expectations for a shift towards rate rises also look overdone, they say. Barclays expects the euro to rise to 11.50 krone by the second quarter. The euro falls 0.8% to 11.2212 krone, having reached a three-year low of 10.9244 last Thursday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 11:35 ET (15:35 GMT)

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