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19 Mar 2015
NOK/SEK seen trading below parity in 2016 – TDS
FXStreet (Edinburgh) - In the opinion of Jacqui Douglas, Strategist at TD Securities, the Nordic cross could trade in sub-parity levels next year.
Key Quotes
“With a fairly bearish view on crude oil over the next year or two, we think that the Norwegian economy will continue to struggle, forcing the Norges Bank to remain dovish for longer”.
“While we look for more upside in NOKSEK in the near-term as the Riksbank continues to be the more aggressively dovish central bank, we look for Sweden to drop its easing bias sooner than Norway, and look for NOKSEK to fall below parity in 2016”.
Key Quotes
“With a fairly bearish view on crude oil over the next year or two, we think that the Norwegian economy will continue to struggle, forcing the Norges Bank to remain dovish for longer”.
“While we look for more upside in NOKSEK in the near-term as the Riksbank continues to be the more aggressively dovish central bank, we look for Sweden to drop its easing bias sooner than Norway, and look for NOKSEK to fall below parity in 2016”.