More general dollar weakness emerged Friday (contrary to our view of a potential end to the EURUSD reaction). The JPY strength accross the board, CABLE coming close to its key resistance in the 1.57’s, EURSEK closed bullishly above 8.9050 buy the dips for 8.98/99, EURNOK we still like it higher and keep our Friday buy recommendation, NOKSEK looks stretched so clearly a downside risk short term, CEE currencies still on a slippery sloap but esp. EURPLN should find some support beneath, US 10y notes heading for new price records, S&P shows topside hesitation, OIL is in the middle of the range and GOLD posted the best performing week for months.
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SEB tech team