• Bearish trends for NOK and SEK remain firmly in place despite hawkish central bank updates – MUFG

Noticias del mercado

26 junio 2023

Bearish trends for NOK and SEK remain firmly in place despite hawkish central bank updates – MUFG

After staging a strong rebound through the first half of this month, the NOK corrected sharply lower again over the past week. At the same time, the SEK hit a new record low against the EUR. Economists at MUFG Bank discuss Scandi currencies' outlook.

Hawkish central bank updates failing to turn the tide

The Scandi currencies of the NOK and SEK both remain vulnerable to further weakness in the near term.

The hawkish policy updates from the Norges Bank and Riksbank are not sufficient on their own to trigger a sustained reversal of the weakening trends that have driven both currencies to deeply undervalued levels this year.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: