Inflation data in focus and attractive levels for being long DGBs and NGBs
It is time for inflation data in both Denmark, Norway and Sweden and with less focus on macro-prudential issues at the Riksbank and core inflation at 2.5% in Norway market focus is higher than has been the case over the last couple of years. A strong Swedish PMI is, on the one hand, supporting our call for a stronger SEK, but recent less hawkish comments from the Riksbank have, on the other hand, weighed negatively on the SEK.
Read the full report: FX Research
Danske Bank