As has usually been the case over the previous 5-years value motion in NOK/SEK has been usually characterised by promoting into t
As has usually been the case over the previous 5-years value motion in NOK/SEK has been usually characterised by promoting into the yearend earlier than posting a notable rebound in Q1.
NOK/SEK 5-year Common Seasonality (Chart 1)
We count on this to be the case but once more for 2020. Given the financial coverage divergence between the Riksbank and the Norges Financial institution with the latter climbing twice as many instances (4) because the Riksbank over the previous 16-months, present valuations look to be considerably on the low facet for the Norwegian Krone, as such, we count on carry help to bode properly for NOK/SEK.
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— Written by Justin McQueen, Market Analyst
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