Market analysis: The Norwegian krone is expected to recover from the decline after the interest rate cut.

Last month, the Norwegian central bank unexpectedly cut interest rates, and analysts at UBS Global Wealth Management said in a report that the Norwegian krone could recover from its downward trend. The depreciation of the Norwegian krone is unlikely to continue, as the market may reduce bets on further rate cuts, and Norway is less likely to be affected by US tariff threats than other countries. If the EUR/NOK rises above 12.1200 next month, UBS is inclined to sell euros.