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EUR/NOK hits fresh 6-year highs

FXStreet (Córdoba) - EUR/NOK pushed to fresh 6-year highs Monday as the recovery witnessed in oil prices proved short-lived.

EUR/NOK extended gains and hit a high of 9.2415 in recent dealings. At time of writing, the pair is trading at 9.2287, recording a 0.75% gain on the day as oil resumes the drop and trades barely above $57.00 a barrel.

Datawise, November trade figures showed surplus shrank to NOK 24.6b vs 31.5b Oct and 36.2b Nov 2013.

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We expect large-scale, Fed-type QE – BAML

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