Morten Helt, Senior Analyst at Danske Bank, assessed the prospects for the Swedish Krona in the next months. Key Quotes “EUR/NOK continues to trade sideways within the 9.40-9.60 range and today’s house price release from Real Estate Norway should not have much spot impact”. “Meanwhile, the SEK is expected to gain as we approach the first Riksbank rate hike in seven years, even though it is widely anticipated. The growth outlook is however deteriorating, which is typically a headwind for the pro-cyclical krona. One reason for the slowdown is the housing market”. “Another is the global growth cycle, where the US is accelerating while the eurozone, which has a greater impact on Swedish growth, the Riksbank and the SEK, continues to lose momentum. This week brings important input to our preliminary Q3 GDP forecast 1.9% (versus 2.4% in Q2)”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD in search of a firm direction, stuck in a range around 1.3100 handle FX Street 4 years Morten Helt, Senior Analyst at Danske Bank, assessed the prospects for the Swedish Krona in the next months. Key Quotes "EUR/NOK continues to trade sideways within the 9.40-9.60 range and today's house price release from Real Estate Norway should not have much spot impact". "Meanwhile, the SEK is expected to gain as we approach the first Riksbank rate hike in seven years, even though it is widely anticipated. The growth outlook is however deteriorating, which is typically a headwind for the pro-cyclical krona. One reason for the slowdown is the housing market". "Another is the global growth cycle, where the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
