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Extending small gains

SEK
  • The SEK extends small gains, at session high against the EUR, USD and the NOK.
  • SEK and NOK have seen some good correlation against the Dollar and the EUR so far this year and has translated to a pretty much flat NOKSEK Year to Date, with the NOK just down 0.20% for that period.
  • Nokkie/Stokkie is now through small support for today, with next downside area of interest coming at 0.9855, the very short term 38.2% retrace of the March/April gain.

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