NOK/SEK-Commentary

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October 29, 2024

SEK flows: SEK stay soft after weak GDP
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October 29, 2024 7:42 AM UTC

EUR/SEK edges up but biggest scope for gains looks to be in NOK/SEK

October 10, 2024

NOK, SEK, JPY, EUR flows: NOK dips marginally on CPI, USD firm
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October 10, 2024 6:48 AM UTC

Norwegian CPI weaker than expected, but reaction is mild USD remains strong against EUR and JPY

October 08, 2024

AUD, JPY, NOK, SEK flows: AUD slips with Chinese equities
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October 8, 2024 6:45 AM UTC

AUD lower as Chinese equities reverse recent gains after Golden Week. JPY edging higher, SEK to come under pressure.

September 26, 2024

JPY, CHF, NOK flows: Risk sentiment improved o/n but NOK lags
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September 26, 2024 6:45 AM UTC

More Chinese equity gains on reports of Chinese injection of capital into banks. JPY weak, most risky currencies better, but NOK under pressure. CHF a focus on SNB meeting today

September 25, 2024

SEK flows: SEK not much changed despite dovish Riksbank
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September 25, 2024 8:16 AM UTC

Riksbank indicating much steeper rate cuts but SEK little changed as yields beyond the very front end stay steady. But SEK risks on the downside especially against the NOK. 

September 12, 2024

SEK, NOK flows: SEK resilient to weak CPI, but...
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September 12, 2024 6:44 AM UTC

EUR/SEK surprisingly lower after weaker Swedish CPI, but NOK/SEK gains

September 10, 2024

NOK flows: NOK resilient after slightly softer CPI
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September 10, 2024 6:27 AM UTC

NOK dips slightly on CPI but reocvers quickly and remains too weak relative to yield spreads

August 29, 2024

EUR, SEK, NOK flows: SEK little changed after GDP
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August 29, 2024 6:57 AM UTC

Better than expected Swedish GDP still doesn't justify recent SEK strength

August 20, 2024

SEK flows: SEK little changed after Riksbank rate cut
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August 20, 2024 7:51 AM UTC

Dovish sounding statement suggests some SEK downside risks

August 14, 2024

SEK flows: Firmer after stronger CPI
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August 14, 2024 8:17 AM UTC

SEK firmer after higher than expected CPI

July 29, 2024

JPY, SEK, NOK flows: JPY strong, SEK little affected by weak GDP
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July 29, 2024 6:46 AM UTC

JPY gains as BoJ tightening anticipated. SEK resilient after weak GDP but scope for NOK/SEK gains

July 12, 2024

SEK flows: Initially resilient to weak CPI
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July 12, 2024 6:29 AM UTC

Swedish CPI is weaker than expected, mirroring weak Norwegian CPI earlier in the week, but the SEK has barely fallen. SEK downside risks seen, but patience may be required

July 10, 2024

NOK flows: NOK softer after weaker CPI
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July 10, 2024 6:45 AM UTC

Expectations of Norges Bank easing increase after weaker June CPI, but NOK still look cheap

July 09, 2024

SEK, JPY flows: SEK weakness can extend, JPY weakness pausing
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July 9, 2024 6:45 AM UTC

SEK fell back on Monday and can extend losses. JPY weakness pausing but still lacking a trigger for major recovery. 

June 27, 2024

SEK flows: SEK softer after more dovish Riksbank
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June 27, 2024 7:55 AM UTC

Riksbank seeing scope for up to 3 cuts this year. SEK softer, NOK/SEK looks to have the most potential.

June 20, 2024

NOK flows: NOK firmer after Norges Bank meeting
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June 20, 2024 9:13 AM UTC

Norges Bank projecting slightly higher short term rate profile supports NOK

June 14, 2024

SEK flows: EUR/SEK reverses initial dip after stronger CPI
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June 14, 2024 7:03 AM UTC

Swedish CPI stronger than expected in April, but SEK fails to sustain initial gains

June 10, 2024

EUR, JPY, SEK, NOK flows: EUR under pressure, SEK strength to fade
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June 10, 2024 6:47 AM UTC

EUR under pressure on political uncertainty. Weak Swedish GDP should cap SEK

June 03, 2024

SEK, NOK flows: SEK gains on PMI
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June 3, 2024 8:32 AM UTC

Better than expected Swedish manufacturing PMI boosts SEK, but NOK remains the more attractive

May 10, 2024

NOK flows: NOK edges higher after CPI
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May 10, 2024 6:53 AM UTC

Norway CPI mildly stronger than expected, suggesting scope for NOK gains

May 03, 2024

NOK flows: NOK higher after Norges Bank
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May 3, 2024 8:16 AM UTC

Norges Bank  statement a little more hawkish than expected - NOK edges up

April 03, 2024

CHF, NOK flows: CHF weak, NOK strong as value makes a comeback
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April 3, 2024 6:58 AM UTC

CHF/NOK sees big decline as value starts to become a factor

March 14, 2024

SEK, CHF, JPY flows: SEK slips on CPI, CHF weak
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March 14, 2024 7:42 AM UTC

SEK lower after softer CPI, NOK/SEK still has upside scope. CHF the favourite funding currency in current risk positive market

February 28, 2024

SEK, NOK flows: SEK unmoved after steady economic tendency survey
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February 28, 2024 8:21 AM UTC

Little change in the Swedish economic tendency survey in February. EUR/SEK steady, NOK/SEK has potential for gains.

February 09, 2024

NOK, SEK flows: NOK edges higher after CPI
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February 9, 2024 7:31 AM UTC

EUR/NOK moves modestly lower after stronger than expected December CPI, but NOK/SEK has clearest scope for gains

February 01, 2024

SEK flows: SEK softer after Riksbank
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February 1, 2024 9:19 AM UTC

EUR/SEK higher after the Riksbank statement, but upside limited. NOK/SEK has more scope for gains

January 29, 2024

SEK, NOK flows: EUR/SEK steady after GDP, NOK/SEK upside risks
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January 29, 2024 7:53 AM UTC

EUR/SEK fairly steady after Q4 Swedish GDP data shows Sweden edging out of recession

January 10, 2024

NOK, SEK flows: Little changed after data
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January 10, 2024 7:31 AM UTC

Norwegian CPI data marginally soft, Swedish data mixed, little immediate FX impact.