Dutch International: The fall of the Norwegian krone may be limited.

Jin10 data reported on May 6th that ING analyst Pesole stated in a report that the Central Bank of Norway may hint at a rate cut soon during Thursday's meeting, but any negative impact on the Norwegian Krone should be temporary. He mentioned that the increasing risks to economic growth mean that the Central Bank of Norway may pave the way for a rate cut in June. This could hinder the recovery of the Krone and keep the Euro against the Krone in the range of 11.70-11.80 for some time. However, he stated that given the significant exchange rate advantage of the Krone and the Euro appearing overbought, the Euro against the Krone should continue to decline. ING's target is for the Euro against the Norwegian Krone to fall to 11.50 by the end of the year.