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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SEK
While still the G10 outperformer for the second day running, EURSEK found some support from the trendline we noted Monday (drawn from the 11 November 2022 low) and is off of daily lows.
- Both EURSEK and NOKSEK sit 0.4-0.5% lower on the day, with the latter not supported significantly by the rally in Brent prices seen since the European cash open.
- Wednesday sees the September print of the Swedish Economic Tendency Indicator, a survey closely watched by the Riksbank to gauge consumer/business sentiment as well as inflation expectations.
- The survey will be of increased market interest this month following the Riksbank's move to a firmly data dependent stance as of the September meeting, and may clear the path for further SEK strength if sentiment recovers from a weak August print.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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