NOK, SEK: FX liquidity conditions ahead of the US vote deteriorate – ING
|Elsewhere in Europe, EUR/NOK tested the 12.0 near-term target, which likely mirrors some deterioration in FX liquidity conditions ahead of the US vote, ING’s FX analyst Francesco Pesole notes.
Krone’s weakness to keep Norges Bank hawkish
“The krone’s weakness will likely keep Norges Bank a hawkish outlier this week, with markets pricing in no risk of a cut at the Thursday meeting.”
“Another development in the Nordics is the Riksbank meeting (also on Thursday). We expect a 50bp in line with consensus and market pricing, and see only a severe post-US election SEK selloff potentially tilting the balance to 25bp.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.