Goldman Sachs

Global FX Strategy 2026

LIVE10 January 2026USD bearish

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USD/NOK

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

Bullish NOK on high yield, improving flows, and regional fiscal tailwinds. Norge

Bullish

GS Forecast Path

Cross-Firm Forecast Comparison

Key Drivers

High yield status

Norges Bank on hold

Cheap valuations

European fiscal tailwind

All Firm Targets (Dec '26)

GSBullish9.50

JPMBullish9.42

MSBullish9.40

MUFGBullish9.40

BARCBullish9.40

BofABullish9.35

DBStrongly Bullish9.15

INGVery Bullish9.10

Analysis Summary

Bullish NOK on high yield, improving flows, and regional fiscal tailwinds. Norges Bank likely to stay on hold, preserving yield advantage. NOK remains one of cheapest G10 currencies on valuation metrics. A prime beneficiary of European growth re-acceleration.

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