- Analytics
- News and Tools
- Market News
- SEK and NOK to hit new lows – Danske Bank
SEK and NOK to hit new lows – Danske Bank
Weaker growth prospects have weighed on the Swedish krona and the Norwegian krone. Economists at Danske Bank expect EUR/SEK to move higher over the coming months to 11.20 while EUR/NOK is set to rise over the next three months.
More weakness in store for scandies
“We stick to our negative view on the SEK, which is underpinned by the gloomy global growth outlook, associated negative outlook for global and Swedish equities alike and relative monetary policy. In addition, more frontloading of rate hikes will exacerbate the downturn in the Swedish housing market, a headwind for the krona.”
“We look for weaker SEK in the 6-12M perspective, forecasting 11.20 in 12M.”
“We still think EUR/NOK is heading higher over the coming 3-6M driven by a slowdown in growth, a European recession, volatile asset markets and further spread tightening in the short-end of rates curves.”
“We forecast EUR/NOK at 10.70 in 3M.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
