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Focus on Bunge Talk

SCANDIS

Focus turns to a speech from Riksbank's Bunge,on "The Economic Situation" (which began at 11am BST).

  • SEK is off lows against the EUR and USD as yields and the dollar stabilise, but remains under pressure against the G10.
  • Two-way missile fire between Israel and Lebanon prompted flight to safe havens, with USDSEK rising ~0.6% following the headlines. USDSEK is now ~0.2% higher on the day.
  • NOK is broadly flat against the G10, after EURNOK closed 0.5% higher following a soft CPI release yesterday.
  • The Swedish data calendar picks up from tomorrow with inflation expectations and unemployment claims.

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