🎈Macro Sentiment Support SEK Downside: Cable FX Macro

**As seen in Macro Walk report 10/06/23, subscribe at cablefxm.co.uk/reports

• The Macro Walk report economic surprise section notes the SEK index falling the most over last month, Citi's CESI for Sweden is down 82 points over the last 20-days. The gauge of economic surprises for Sweden is now the most negative since July

• The chart below shows USD/SEK rate vs a U.S.-Sweden differential of economic surprise indexes. The spread in macro sentiment is positive as the U.S. outperforms

• The U.S. CESI has been consolidating over the last 20-days, however, it remains second in the G10 ranking