- Analytics
- News and Tools
- Market News
- SEK and NOK to move broadly sideways until the summer, but the risk is clearly to the downside – Nordea
SEK and NOK to move broadly sideways until the summer, but the risk is clearly to the downside – Nordea
The NOK and SEK remain the weakest link in the G10 sphere. Both currencies could stabilize into the summer, but downside risks remain in place, economists at Nordea report.
A normalization of global interest rates should lead to a somewhat stronger SEK and NOK
“While both the Riksbank and Norges Bank will have to follow suit with the ECB and Fed to prevent further weakening of their currencies, this will likely not be enough to help the SEK and the NOK during periods of risk-off. Thus, while we think the SEK and the NOK will move broadly sideways until the summer, the risk is clearly to the downside.”
“Longer out, a normalization of global interest rates should lead to a somewhat stronger SEK and NOK against the EUR. However, we (still) see them both remaining weak in a historical context.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
