**As seen in Macro Walk report 11/10/23, subscribe at cablefxm.co.uk/reports
The economic surprise section in our Macro Walk report is showing a continued divergence in Scandies data sentiment
The NOK Citi Economic Surprise Index is tracking the largest drop in the G10 over the last 20-days, while the SEK is showing the largest increase in the group over this period
The graph below plots a differential of macro sentiment and the NOK/SEK rate
While the absolute spread in the CESIs has narrowed over recent days, a continuation of SEK macroeconomic strength could see the exchange rate test YTD lows
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