Scandinavian FX: NOK And SEK To Push Higher

We believe that the bull-run in SEK/EUR and NOK/EUR has further to run, with the Scandinavian currencies likely to continue benefiting from stronger macroeconomic fundamentals and in Norway's case, positive carry. On a medium-term technical basis, the Swedish kroner looks attractive after smashing through major resistance and the 100-day weekly moving average over the first week of February. At one point trading at a 16-month high of SEK9.7505/EUR on February 23, we target a move back to SEK9.3000/EUR.

To read the full article, please choose one of the following options: