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28 Sep 2015
SEK remains constructive, NOK aims lower – TDS
FXStreet (Edinburgh) - According to strategists at TD Securities, the prospects for the Swedish krona and the Norwegian krone remain opposite.
Key Quotes
“We remain constructive on SEK but the threat of renewed ECB QE may elicit a Riksbank response”.
“Thus far, 9.20 has proven to be an effective floor for EURSEK, but a firming economy/inflation outlook will expose the Riksbank's growing policy error and pull the currency pair much lower from here”.
“We remain medium-term NOK bears as the Norges Bank is likely to ease further and the economy adjusts to the new reality in energy markets”.
Key Quotes
“We remain constructive on SEK but the threat of renewed ECB QE may elicit a Riksbank response”.
“Thus far, 9.20 has proven to be an effective floor for EURSEK, but a firming economy/inflation outlook will expose the Riksbank's growing policy error and pull the currency pair much lower from here”.
“We remain medium-term NOK bears as the Norges Bank is likely to ease further and the economy adjusts to the new reality in energy markets”.