Jens Pedersen, Senior Analyst at Danske Bank, recommended selling the Scandinavian cross on occasional upticks.
Key Quotes
“We remain short NOK/SEK via our FX Strategy Trading Portfolio. Today, Riksbank vice governor Skingsley creeps outside the box and talks about lessons learned for a fiscal framework in a small open economy, but we are more curious to hear what Stefan Ingves might have to say about the SNDO’s ‘shameless’ move last week when he talks about current monetary policy on Friday”.
“Apart from that, EUR/SEK is likely to take direction from market risk sentiment”.
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