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Continues To Outperform G10

SEK

EURSEK has come off of intraday lows but still trades at levels last seen on Oct 20, hovering just above the 11.60 handle. SEK continues to outperform the G10 modestly in Monday trade.

  • There has been little headline flow to motivate the move, with SEK-watchers having their eyes firmly on the October CPI due tomorrow morning (see our preview here).
  • EURSEK has re-entered recent ranges seen in early/mid October, with the 200-day EMA at 11.5286 the main support if 11.60 is cleared.
  • NOKSEK has unwound around half of the rise seen on Friday following higher-than-expected Norwegian CPI, currently -0.4% lower on the day.

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