Tag Archives: SEK
FX Ringside
Has SEK decoupled from ordinary drivers? The SEK is generally regarded as a cyclical and risk sensitive currency. As such it should depreciate whenever risk appetite decreases (e.g. as measured by the SEB risk appetite index) or when growth is either slowing or expected to slow.
FX Strategist – Weekly update: cross signals
· The euro has weakened on net against all G10 and major EM currencies in the first weeks of the new year. This broad weakening has been a function of ECB easing, which has weighed on the euro, and stronger global data, which have boosted risk-sensitive currencies broadly. The key question for currency market participants […]
European FX Daily – Antipodeans lead rally vs. the USD
– Antipodeans lead rally versus USD – China’s trade surplus widens more than expected due to weak imports – AUD building approvals rose more than expected – More IP releases to watch across Europe today What to watch for today SEK: Softer IP. Consensus is for a 0.8% mom contraction in Swedish November industrial production, […]
Big G10 FX charts show Euro and Aussie at new opposite extremes
USD The USD/G10 basket has yet to extend beyond its recent tops as the pro-risk currencies have held their own against the greenback even as the Euro has suffered of late. The relative strength of the greenback in an environment of still elevated risk appetite is significant relative to previous behaviour.