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Writer's pictureRosbel DurƔn

šŸ“SEK May See Repricing On Riksbank: HSBC

The SEK has underperformed vs NOK, Nores Bank's tightening cycle is much more in the price than Riskbank's monetary tightening. we should be wary of a potential mechanical shift towards FX purchases by the Norges Bank as oil earnings pick up and the non-oil budget deficit diminishes; there is some potential for a significant move lower inĀ NOK/SEKĀ if these forces align. - HSBC Strategy


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