EUR/NOK likely to be at current levels by year end

NOK would be mainly impacted by Norway's manufacturing PMI data, due in this week, the Norges' Survey of future growth and the OPEC's meeting  which has an impact on the oil prices.

The most crucial one is Regional Survey, which might decline ahead to be 0.0, as per the consensus expectations, reassuring a vulnerable outlook for growth.

"We continue to see EUR/NOK at current levels by year-end but a weak regional network report is likely to skew expectations for an earlier rate cut, weighing on the NOK", says Barclays in a research note.