Krone Doesn't Take Crown for Top Forecasters on Norway Currency
- Most accurate krone forecaster BayernLB is among most bearish
- Bloomberg survey predicts krone as top major currency of 2018
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Market pundits may be getting carried away by this year’s prospects for the Norwegian krone, according to the currency’s top forecasters.
Bayerische Landesbank, which had the most accurate prognosis on the currency last quarter, is expecting a 1 percent loss in the krone against the euro, while Julius Baer Group Ltd. is “very cautious”. That compares with an almost 4 percent strengthening seen in a Bloomberg survey, the biggest appreciation forecast among major currencies.