Back
22 Apr 2014
NOK and SEK, two different realities – Danske Bank
FXStreet (Edinburgh) - Pernille Nielsen, Analyst at Danske Bank, observes the different outlooks for EUR/NOK and EUR/SEK.
Key Quotes
“EUR/NOK saw a bit of support the last couple of trading days as the market liquidity has been very thin. We do not believe the moves reflects that EUR/NOK will start a new trend higher this week, especially as oil is trading at a seven-week high”.
“In Sweden all eyes are on the Riksbank and today's labour market figures will be followed closely and have the potential to move EUR/SEK a bit higher. However, note that a rate cut is now almost priced in in Sweden”.
Key Quotes
“EUR/NOK saw a bit of support the last couple of trading days as the market liquidity has been very thin. We do not believe the moves reflects that EUR/NOK will start a new trend higher this week, especially as oil is trading at a seven-week high”.
“In Sweden all eyes are on the Riksbank and today's labour market figures will be followed closely and have the potential to move EUR/SEK a bit higher. However, note that a rate cut is now almost priced in in Sweden”.