As has sometimes been the case over the previous 5-years worth motion in NOK/SEK has been sometimes characterised by promoting in
As has sometimes been the case over the previous 5-years worth motion in NOK/SEK has been sometimes 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 aspect for the Norwegian Krone, as such, we count on carry help to bode nicely for NOK/SEK.
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— Written by Justin McQueen, Market Analyst
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